I did short a little the other day at 27, today's oil inventory was quite bearish, however the weaker dollar and the idea of an emergency OPEC meeting has been rolled out yet again. This will be dispelled by next week. I will short more at the Top of the Bollinger band. If the Saudi's actually agree to a meeting I'll cover.
This blood bath isn't going to be over until the "Masters of the Universe" have oil coming out of every orifice in their body. When non market players wade into a market that they think they can game, market players take pleasure in seeing them annihilated. Saudi Arabia et al will keep pumping and these clowns will be forced to drink all their stored oil until it leaks out of every hole. Just my fundamental analysis
Watch David Einhorn's piece on PXD, the Mother fracker, he does a good job of explaining how capital intensive, ergo what a bad investment these frackers are. These guys burned a lot of cash last year with oil above $50. The Saudis want this business back it's not like they have Silicon Valley to fall back on for jobs over there. They are going to bury the frackers. Secondly the BOJ's move right here just took the steam out of a potentially weakening dollar. All said I believe that was just about the end of your rally. Time to start selling this broken business model Monday. If you're long pleas look to the cash flow statement before making a bullish argument. GLTA
2016 earnings estimate $12.86, let's say 2017 normalizes back to 2014 which was $14.13. I'm thinking with higher labor cost etc., this guy is headed into the $200's. Let's see 20 X earnings is pretty generous for a company with contracting earnings, even if we trade off of the 2017 $14 number that only get's you to $280. Don't forget they're just making burritos folks!
It's not going to happen, it's probably some adjusted EPS. These guys took on 18 bln in debt to do their roll up not a good position in a dicey credit market.
I expect them to somehow make the fourth quarter numbers by hook or by #$%$ and I'm looking to establish a short position on the excitement. Is there any consistency to their reporting or do we have to wait for Elon to tweet?
Thank you for the compliment it was my best call of the last year to short GoPro, I hope you took my advice, I'm sure you did since you think I'm intelligent.
Counting on China to juice up their sales with Coal Fired Electricity, how do you square that circle?
The person who copied your handle states you can have a roof rack with one Falcon door closed. My wouldn't that make the backseat awkward to get in and out of? I thought these doors were for easy access not limited access. Mom, I have to go to the bathroom can we stop at the Gas Station. Okay Dear climb over your brother and be back in a half hour after we top of the tank..
Correct !! You can't mount any of them on the Roof of your new 120k SUV. That's okay because I wouldn't trust the battery on the 4 hour drive up to ski country in the dead of winter. Thanks for playing!
-------------------- = $222.22 per share
When the stock falls to $120
-------------- = 13,333,333 shares
What do you think Musk did with the $1.6 billion loan...that's right he funded his Secondary stock purchases to show his commitment to prospective Bag holders.Oh boy get out the Popcorn this is going to be better than the opening sequence to Mad men.
Those shares were another Scahmbag related party pay off for the now deal gone bad from one of the biggest #$%$ I've ever come across in the markets. When I said 90%, I thought that RCAP was free of Schorsch's influence now this new criminal episode shows that I was sorely mistaken, Probabiltiy 99% because this guy is Toxic and should go to jail if there's justice in this world. I live in Massachusetts and Galvin is just the man to put this piece of jit behind bars. Juries in the Northeast will convict the likes of Schorsch. Not like the morons in Alabama who let Scrushy off the first time.