Uhhhh, all those political posters WERE the shorts. I counted 9 political posts today and the rest discussed the stock. In the last few weeks they were posting more than 9 per hour. Now, Notice most of the posts are warning you not to buy. That basically means they plan to cover and you should stay away.
2015 outlook even if optimistic will be substantially better than 2014. It is a great entry point to buy and hold. I just wish I had cash.
Now the RSI is 23, and the MFI is 20. We went from oversold to extremely oversold. I am seeing this on numerous stocks. I just can't believe buyers will not step in at some point.
I guess it depends on earnings and guidance. I will predict that shorts will not go into earnings with the RSI and MFI in the 20's. GLW has a history of popping hard in both directions.
Of course you are concerned as we all are. Lets look at the historical facts for direction. The MFI is currently 22, that is the lowest since Jan 9th 2013. The RSI is 24, which is the lowest since Jul 30th 2014, and then Nov 2012.
Both of these conditions indicate a very oversold condition.
Even if your other half doesn't make money I am sure you will be profitable. However, technically it is way oversold and you should probably cover all, and re-short later. But hey, you are making money not me, so go with your gut.
You misspoke on the China cut. The article read, "more than China’s demand is projected to expand this year " Big difference. If they cut all of China's consumption oil would be $400 per barrel !!!!!
It may not have hit $22.50, but $22.82 was pretty close from a call at $29-30.
Now, that I have given you your due, back to war !!!!!!!!!!!
The problem is the discounts needed to get on the pipeline. Everyone wants to drill cheaply in the Marcellus but then need to give it away to get on the pipeline. Better drill in more expensive areas that have available pipelines.
I respectfully disagree. They have a forward P/E of 12, so it is prudent to buy back shares when they will most likely be more expensive in the future.
He, he, if you recall he was long and w/o hedges when Nat gas hit $2.50. On top of that, he was highly margined when the stock tanked. Yeah , he is a great market timer . Now he is paying top $$ for fields during a time that prices are declining. However, he as well as us, look at the industry from a long term point of view, not qtr to qtr.
They are excluded from export bans,
It was the first exported cargo of Alaska North Slope (ANS) crude, which is largely excluded from a 40-year U.S. ban on oil exports, since 2004. U.S. government data showed it was the first crude oil exported to South Korea since 2000, excluding a recent cargo of lightly processed condensate exported from the Gulf. Caltex also bought the condensate cargo.
Anything to help lessen the downward spiral of WTI.
We are hedged but it will start to effect production, especially for the internationals that need $100. IMO, OPEC will start to freak out and take some action. Projects all around the world are already being put on the back burner as we speak.