The purchase of Josiah is an absolute disaster for stock holders. MW executives still win at the expense of stock holders.
My goodness! It is the shorts that have taken MW this low. They are covering and will cover. They have a lot of money to gain. That being said it will be at their timing. They are not going to run it up until they have covered.
Do feel bad for those that bought at 30 and 40 thinking that the bottom was in. For most retail stocks it has been a butt kicking with so many sales getting done online. The world is a changing dramatically.
The colour is red. If was green then you might hold. Has been red now some time. It is red. Do not hold.
Taking profits while they are good. Do not see any fundamental reason for big jump this morning as I do think things are going to get worse but the market doesn't go straight up or straight down in this environment. Wall street can't let things look too obvious although the manipulation is rather overt.
No fear of consequences from the FED with their manipulation of stocks
Today I bought some oil and gas stocks shortly after 3 PM. Purchased OKE, WMB, KMI, and ENB.
Gong to hold overnight.
In this market at these levels I trade. Occasionally I hold for a day or 2 while selling or covering parts of my holdings. Many times I do not hold overnight.
Bought some at 26. Seems a little over done. Looking for a bounce to 27+ tomorrow. Going to hold overnight.
Still watching. Even if you invested when it had the last big drop the end of September you are now down over 25 %. As one is seeing, when they get the run off pouring there is a very healthy leakage. This happening while the market itself is near all time highs. Far too much natural gas and oil. Hopefully for longs there is a bunch of short covering and some big money deciding to make some money on the long side. GLTA
Still a lot of sellers refreshing. Some big money willing to take huge losses in order to get out. Thinking that it goes lower under 26 despite the huge drop already. Still lots for sale on the offer.
Down over 16 % in a day is a rather significant drop after already being down 50% from June. This is becoming more like a bankruptcy sell. Soon folks will be dumping in order not to lose all their money.
Painful time for those invested in these oil and gas stocks. Looking very bad as now you also have a lot of tax selling picking up. Will be able to pick them up cheaper in the new year.
You have the correct idea. Go work for GS because you will then make money. If you follow the sheep you for sure will lose.
Oil and coal not in the good books so less shipping which means less earnings. Going to result in more consolidation. Hopefully the stock you own is bought? Maybe not if you purchased much higher.
Good move to short SDS. Market is going to continue up with SDS continuing down. More QE on the way!
Whole world in a mess so countries having to print money out of thin air to continue functioning. Even the USA now has a lifestyle that can only be continued with monopoly money. Exports continue to diminish, more than 50% of the population dependent in some manner for government assistance, terrorism on home ground now costing billions to combat, corruption within city, state and federal governments and we could go on and on.
Yet we continue to be able to live a lavish lifestyle. We continue to play the game like the Detroit Lions only having a different outcome. Market continues to win. Merry Christmas to all.
Carl looses also! Today he has lost a bunch more. Probably hedged with puts. At present it is the great exchange in this 4.80 area. CHK looks to be in trouble.