First it was Libor, then it was Gold, and now its Oil. Something very wrong is going on, yet they always make it look like a normal suppy and demand issue. GREED will bring us all down. Its impossible to tell whats legit anymore???!!!
As we speak, many Mining stocks prices have lost 90% or more. Production reports are positive, but PM miners stock prices continue down. Is Oil services groups next?
What does that have to do with it going from almost $10 bucks a share to $1 and change. This is a joke. This is still 75% of the high!!! What they cannot make money here!!! Give me a break!!!
BP did not go up yesterday because of any buyout. All Oil services were up yesterday. If there was a buyout in the works it would have gone up quite a bit more.
They just do it. They will take turns. Irs SVLC time to lag this time. AUY is the best of the worse small Mining stocks. Mining is heavily manipulated. NEM and GG are more consistent, but PM's will not take off until interest rates rise, which I doubt without a crash...or inflation that they will admit too..
Oil services companies got hit hard, but not as hard as this down turn. This time was much "WORSE" and it was only a move from $100 to $65. Imagine what will happen if the derivatives market crashes. People with millions of dollars could be broke over night!!!
The 2 small drillers best of breed...may now be the worst of breed? At least they are trading that way!!! Its hard not to buy at these levels, but it might be better to watch and see how things turn out the next couple of days. Good Luck everyone!!!
I think low "OIL" may be great at the "PUMP", but it could cause big problems for our "So Called" economic recovery.
At anytime...anyone of us can win the lottery. TVIX has better odds, and if something big does happen...VIX Inverse funds is where you want to be.
Not true...Regulators decision will not effect the 3.5 billion put up. That's why this thing is probably a sham!!! They're appears to be no other reason for the offer of $79 trading at $57 and change. $-22 bucks...Yeah right!!!
Either that or "Crack"!!! They need to study people who make these types of claims and develop a "Pill" from it so everyone will feel that high. We may never be logical again, but the high will be unbelievable!!!
I realized that anytime someone posts something negative about PCLN they are a called a "Basher". They're are only 2 investors last time I checked. One that is "Long" and the other who is "Short". If you do your homework you will want to listen to the "Shorts" Or as some like to call them "Bashers".
The young will never learn. What is a "basher" anyhow?...Dude, they are called "shorts". If you are smart you will become one. Its obvious that an entity wants Miners in the toilet-OR-they are all corrupt... Take your pick!!!
Its like checking LOTTO tickets. Is today the day when the VIX wakes up and says...WOW, there really are a lot of problems Globally and TVIX starts acting like the hedge its suppose to be, but just like the lottery ticket its a huge long shot. How we continue this game against logic is a little disturbing...
Talking about backwardation. What is strange to me is it took them 6 months to finally get it right...but R they? There has been a heavier volume issue, since the rumor that GS gave it a "Sell" rating several weeks back. I thought; why would GS waste time monitoring and putting out a downgrade about a fairly dead product to start with. Then it occurred to me that they just may be buying...TVIX did have a flat period recently. Would GS ever buy this product?..My first answer was "No", but it is a possibility if they know something "Big" is about to happen. One thing GS does well is talk something down when they want to buy it. Anyhow, I think it has best odds of a turnaround when the VIX is below 13. Below 12, has been a lock for a bounce the last 3 times. This is not a pump, just a thought!!!
If the lower "OIL" issue did not happen, I would tend to agree its going lower in the near term. Most will think of the glass half full on this one, but "Oil" at $65 - $75 may cause more harm then good for growth. I guess we will see.