What a fiasco for Credit Suisse (and dumb Rum Baron, of course). Last momo hurrah before Holiday.
No exporting of our exhausting supply of dirty fracked oil....other countries would gladly buy it up at today's prices. Meanwhile, we forgo buying the world's top grade oils from Arabia, etc. at rock bottom prices. Filling
our storage with inferior..passing up superior. Typical political decision.
"Expiration Friday" is always weird...bankers need to maximize their gains on the puts/calls they've sold. Right now CLR seems, in fact, to be collapsing...from 35+ to barely over 34 in 3 minutes while oil/barrel does nothing.
Yeh...Flashrobe...I see what you mean: Investors Business Daily just headlined "Tesla Chipmaker Nvidia scores Gaming Wins"....I had no idea that Tesla owned Nvidia, or that Nvidia's gaming wins had anything to do with Tesla auto chips bought from Nvidia...but it turns out that Nvidia has sold
umteen zillion vehicle assist chips to FIVE automakers...all major except for the few chips that they've sold to Tesla...so it's obvious that Nvidia's future, according to its execs and IBD, lies with Tesla.
Oh, if only I could belileve so fervently in the future of what struggling startup auto manufacturer!
And you can see what a great hi-flyer it is today...moving up to 214s whle Mkt zooms up 200+ DJI.
To break TSLA's 6-wk downtrend, investors will have to buy the stock back up to 230 or more. Are any
large Bulls willing to do that in the current Mkt? Or investment banks can attempt to squeeze the Shorts to
cover back up to 230. That's pretty hard to do in an established downtrend and a weakened overall Mkt.
Oil per barrel is now threatening to test the old bottom below $40. CLR may HAVE to write down reserves soon. Yet Bulls keep looking only at the increased production due to fracking. Sort of like sucking on your soda straw harder to drink more now....worry about your later thirst later.
Yes...ultimate oscillator has turned negative....the gap down to 570 is the immediate dropping danger....oh,
and those upward gaps at each eps day for the past year are a thing of the past. A PE of nearing 1000 is
just too much even for Bezo's great plans.
...a book about how great LNKD is. GREAT! It should be a best-seller for years!
LNKD sells self-hype...so I guess it's appropriate that an author should try to sell his book by selling LNKD hype. It's certainly overpriced enough.
It turns a risky recovery for OAS into a potential disaster...especially if oil still has to bottom...all that increased production at ever lower revenue coming in (and the fracked fields depleting).
A double from 70 to 140 in a year-and-a-half. That's not too shabby. But the acceleration in the climb is
getting pretty steep. Despite pumping, I'd expect a pullback here to 110-120 levels of support, depending
on general Mkt strength.
Now we have the problem of the HUGE gap between the hi 230s and the hi 2-teens. Could it be that LNKD has gotten far enough ahead of itself (PE N/A) that it now must fill that gap...downward.
...still keeping me leery. Nothing down and from a hotshot kind of Houston management...won't this deal
eventually backfire or run out of 1st time no-money buyers. Not a good long term sales plan.
...and they'll be lucky if hi-pressure fracking doesn't cause them big woes before they cut back.
Is this a "Market"....or a "Fix". It is certainly a rare meeting of the buyer/seller minds, if it is real trading.
...but it is NOT. The more oil produced NOW, the less they can sell it for, compared to future higher prices per barrel. Of course they need the money NOW...and management decision to go for hi-pressure fracking is
very poor...it not only exhausts the residue oil field they are fracking sooner for lower revenues, but it increases dangers to crews, to communities, and to water tables. If that hi-pressured fracking pollutes potable water tables, there will be future lawsuits for hundreds of millions of $$ that will make the decision to hi-ball
production NOW almost criminal. The quote should be falling drastically because of this DESPERATION move.
Sentiment: Strong Sell
The faster the NW sludge oil pumping is exhausted at current low price/barrel, the less money these companies will make. Not to mention current hi-risk to employees (already several accidents) and possible
future lawsuits for hundreds of millions of $$ from infiltrating potable water tables. These drilling cos. are
DESPERATE for money NOW. Poor (some would say criminal) management!
Sentiment: Strong Sell