All you say is true except I think the Saudis see the domestic US oil drillers as a major threat to ending the US dependence on oil from them. So they will make it painful for US drillers and run most of them out of business. This could go on for years....the Saudis have time, we don't. But yes, very good news for the consumers.......
Span, read the latest article on Yahoo on the Saudis plans to keep oil lower and create major pain for the domestic USA energy firms. Huge carnage for small cap oil and gas plays. This effects anyone associated with these types of stocks, hence WG is being taken to the woodshed regardless of what Randy does.
I'm thinking the opposite......deflation and more deflation. The RE market was artificially inflated once again yet still people can't afford to buy homes. The markets on the west coast are at frothy levels; the banks know this and are afraid to give out loans. Just think what will happen when rates do rise. Nope, they the Feds have turned real estate into a commodity and we all know commodities frequently go through rise and crash cycles. If you have the cash to buy real estate and don't have to pay rent then go for it, but anyone who takes out a big mortgage is nuts in my opinion.
You are deceiving yourself if you are pinning your investments...hmmm....or I should say gambling that the Fed will continue QE. Even if they did continue QE it would be a very bad sign that things are not getting better and even more so would be an admission by the Fed that past QE's have not worked. The dollar is getting stronger, QE has ended which means no more free money to pump equities. Fall has arrived and change is in the air. The period of Fall in nature is the time for the deadwood to fall to the ground and to be recycled. The same will apply to equities especially those adversely pegged to a strong USD and those stocks that do not generate even a small profit.
It is a time to be realistic and not be gambling on hopes and dreams.
It's been years since they had these filters. No one wants to invest their supply chain in a company that has a revolving door to the CEO's office and is always trying to avoid going BK. It just takes one competitor who has deep pockets to make a better filter than CDTI and poof......they are out of business. Honda is using CDTI to keep their other sources honest. Just take a look at what happened to GTAT recently. Apple was their one big customer and then poof they dropped them and their stock went from $10 to just about nothing.
Is there a way to monitor the progress and bids to these projects? I'm just concerned that if the price of oil and gas keep plummeting these projects will be cancelled.
Intel reports this Tuesday. Microchip already produced a warning about their earnings miss. I will wait and see what Intel says about forward guidance. Next week is a big earnings week. I believe the price drop for VTSS on Friday was mainly due to hit the entire chip business sector took when Microchip warned.
Next week is a pivotal week for the entire market IMHO.
I believe the Saudis are #$%$ at us for all the drilling we are doing on our soil. Consequently, they are lowering their price of oil and are causing our domestic small cap drillers to feel incredible pain. The Exxon's of the world don't care as it will be less competition for them. The immensely profitable Exxon's can weather the storm of low prices until most of the small cap driller who have to borrow money for large capital expenditures go out of business. Companies like WG will feel the pain too when their customers reduce or eliminate plans to expand their business. This is why I think WG is headed for $3 a share. Just take a look at some of the small cap domestic drillers.....AXAS and GST; their stock prices have been reduced by about 50% within a few weeks. I believe the Saudis (OPEC) are meeting in November to discuss if they will reduce production and/or raise prices. Depending what OPEC does will present either more pain or a great buying opportunity. Who knows? Maybe the US and Europe are encouraging the Saudis as it is painful more for Russia and Iran and gives a big stimulus to the consumer just in time for the holiday season.
Hmmm......"panic dumping quality blue chips".......I hardly consider VTSS a "quality blue chip."
Companies like VTSS that aren't making much profit will continue to get hammered during this correction. I'm still high on VTSS but I'm also being realistic too.
A few years ago, I along with others drank the CDTI ZPMG cool-aid. All this company has turned out is smoke and mirrors. If you do a tiny bit of research, newbies will discover that the last time the stock rocketed up to $7 a share was based on a well orchestrated pump and dump by Seeking Alpo. I consider myself extremely lucky to have not lost all my money on CDTI and was fortunate to have made a decent profit after many worrisome nights holding onto this garbage of a stock.
Like I said before CDTI and WG should merge and then the company would be called smoke,mirrors and slime.
Stocks with a lot of debt and a poor history of profitability are getting hammered more than others. At what point are you a buyer of WG? How will they reduce their debt? Another secondary? What debt levels are acceptable in this environment?
Please read their last cc transcript. They say their wind power business is heating up. I don't know exactly what they do in comparison to BWEN but I think it is an extremely bullish bit of news.
The main problem with BWEN is their inability to make a decent profit. A little profit is not enough for wall street in this environment.
Humungous short interest.......this company has a great future but they are diluting their way till they get there buying other companies. Shorts know they will be raising money......constantly. Eventually when the musical chairs of secondaries stop, the share price will sky rocket. When? When will their appetite be quenched for buying other companies through secondaries is the billion dollar question.
Maybe so, but you might be surprised at how low this could go when markets sell off. Just like markets get overheated, they also oversell irrationally.
billy, $1.60 is the latest support. If it breaks below $1.60 then it will slowly gap down to $1.18.
I'm still unsure if I'll be a buyer there.
Looks like WG broke through it's support. Next stop should be $6.30 to $6.55. After that you are looking at $4.20ish.........that's where I'll be a buyer.
check axis.....some type of thing. The small cap energy plays still getting hit. The Russell Small Cap index is on the cusp of further downside or huge upside. Meanwhile, the dollar is showing signs of volatility so optimistically speaking we could be at or near the bottom
Still strange that Glenn sells his shares. He must have personal issues and he does own lots of options. Well, let's hope these recent insider buys offset Glenn's actions.......