I can watch real time trades and I can not believe how many are individual trades on 100 to 300 blocks. Who the hell buys this small with commissions on a stock that makes 5cents? Almost think they can drive it down themselves and are doing so for a purpose. At this moment clf is getting some spice
fast stochastic all in the wrong direction with leading lines headed in the wrong direction. Can not believe this is stupid retail doing stupid selling again at a stupidly low price again unless it is stupid day traders taking stupid 10cent gains at best. Damn, get some mo-jo under this stock.
Not talking about drillers specifically. I did see what you wrote about RIG and was puzzled by that compared to SDRL. Oil in general is a sticky situation for fearful investors.
mode. How many times to people want to get burnt? Can not think of another reason why buyers are on hold.
Too many head fakes do far on too many reports of a bottom, than another day like yesterday happens with a 5% drop in oil prices and this scares buyers of stocks it seems
Something else will have to make this move.
this might be positive
I like this option the best. Forget holding on to BL for 5 years for an improved IO market. There is enough supply around the globe that when demand picks back up those mines will go into production and repeat the cycle of today.
Greenspan, who served as Fed chair from 1987 to 2006, also called the overall economic data for the United States "not strong." Everyone expects that the growth rate for the fourth quarter is going to be about 2 percent, which is a downward revision from the earlier version. And it may even be less than that," he said.
Seperate from an oversupply situation of darn near everything that's a commodity, there also clearly is a demand issue going on.
4:34 am Cliffs Natural Resources announces the commencement of private offers to exchange up to $750 mln aggregate principal amount of its newly issued 7.75% Senior Secured Notes due 2020 for certain outstanding senior unsecured notes (CLF
I can not imagine clf buying its shares. They wil preserve the cash for other uses. I hope to be wrong about this but I simply don't believe they will.
Morgan Stanley commented on Q4 earnings results for Seadrill Ltd (NYSE: SDRL) Thursday and maintained an Overweight rating.
The analysts were positive on the company's efforts to fill its funding gap by cutting the dividend, which allowed it to retain $2 billion per year, along with $250 million gained from cost cutting initiatives.
While the company did not buyback any shares in Q4, John Fredriksen increased his stake by 4 million shares at an average price of $12.16 per share
There is so much fear right now in anything oil its scary.
I got an email reply from IR Dept last week (Paul, I think) with links to 6 or so comments LG made defending CLF. Most seemed to happen at company meetings with employees, and Paul hinted I wasn't paying attention the messaging they are doing. My email was about not doing a good enough job communicating to WS, based on trading and volumes.
If he hadn't sent me those links I never would have found out they said anything. I wonder if they really think the have a handle on messaging? Volume tells us they need to do something different, and they just will not consider something different. I like what they are doing as a company, I hate what they are not doing to drive this message home where it matters, not at company meetings or select interviews here and there, but on main street.
In the early afternoon I was watching a 8,8000 share block trade in increments of 100/200 shares and the entire transaction took almost 3 minutes to complete. This is how few have been in the markets of late. By the end of this week at this rate the 10day avg vol goes from 12m in January to maybe 4.25m by Friday (now at 4.9m). what a drop in activity
6.5m shares light of its avg 10day vol. Very small trading in SDRL on a volume basis. Both released earnings and SDRl is seeing very little vol relative to RIG
Yes, that's right. Was reported on CNBCthis morning, thinking is this short term pricing of 49 will have to rise up to the futures price of 60