all in all a good day, much like the sdrl reaction a month or so ago when shorts scrambled to cover
Interesting how the entire analysts community thought the same way until now it appears, as vol and price appreciation are smoking hot
trying to answer or defend their psotions
News like this helps to take the air out of the arguments that the shorts are making that IO prices have to fall to $30's. It also lends support to Trumps arguments for anyone paying attention. Interesting stuff. On anything macro, there is little supporting a great demand story but news like this helps to change the narrative for pricing power and supply
will earn and how hard other shorted it. Square has moved from $12 to $8 to $16 to $13 of late and now is rising again slowly but steady. Fund buying is very good, like news flow of late. This will pop soon.
You are right and this is a good move. WS knows this is going to happen, has been in the works for a long time and look at SEC filings of late. WS must like it because they are buying large chunks of square
MXL confirmed guide and last week. The NASD has been down 4 or 5 straight days. I suspect ER and CC sees buyers coming back. WS is to predictable. When they are worried like they are about tech, they sell everything, especially the high fliers.
MXL has struggled for awhile now but with confirmation of guidance all is well
Stunning how any shorts are caught short in a rising pricing environment for now. Who knows how long it last but the reading itheyare using is low demand and higher supplies coming on line with increased production from current and new mines.
Hell, the majors already indicated some moderation in production going forward.
I do not think it stays this high for long but it certainly won't drop to the $30's either.
Clf moved from 1.20 early Januarqy to $4.95 last week. Very strong. Days like today will see bigger drops. I hope that all it is.
Under investment today in all things oil makes all survivors tomorrow very sure bets for the future. SDRL will be one of those companies.
One day before the release came out from MXL I emailed them and asked them to defend the company against the selling that was going on with such vigoro on speculation following the JNPR guide down. I asked them if they could support their investors with follow up confirmation if they could. I know they did not do this on my request but I was pleased they did. Selling was sever for a few days and w % drop was too big to be ignored. I am just surprised by the marginal recovery since
even more so, consider JPM (I think it was) not too long ago saying avg price for 2016 was around $40 someone correct me if I am wrong. It would have to drop dramatically from here and stay low to finsish 2016 there
Thank you. I give up on him and soemtime wonder why I respond
of course markets over react to both sides. Of course the dollar is a factor with commodity pricing. But the point is about demand. US GDP could be negative for Q1. The rest of the world is worse off. Several countries have negative interest rates while other are exploring the same in a measure to try and boost growth.
The majors cut production of IO and so have oil producers. This is a large reason why the prices are rising.
uptrend in pricing YTD being attributed to a supply story....
The five-year commodity bear market appears to be coming to a close, and that could spell trouble for the Federal Reserve, Peter Boockvar, chief market analyst at the Lindsey Group, said Thursday.
The Dow Jones commodity index had fallen roughly 50 percent since 2011, but the asset class has recently shown signs of turning a corner. It has risen more than 13 percent this year.
A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016.
Cramer: Commodity rally could head higher
"I think this bottom is for real. I think that it's not demand driven, it's supply driven," Boockvar told CNBC's "Squawk Box."
It would be one thing if the commodity bounce were demand driven, indicating stronger global growth, Boockvar said. But since the rise is being fueled by a reduction in supply, the Fed could be grappling with higher inflation and middling economic growth, he said.
And that is what we all hope happens sooner than later because we have been waiting for this day for too long
A good part of it but CLF is up more than any other since the January lows by a very % so when they hit CLF hard on days like today with negative news, it has an impact. However, they are not having a lot of success so far as CLf is down 5 cents on above avg vol. Not sure if it recaptures days high today but there is alwys another day
Amazing all the negative stories seem to come from the same few people. More amazing is how quickly some investors react by selling shares. It achieved the desired result and smart shorts are likely (hopefully) covering and brings this back to the days highs by closing time.
Only way to know for sure is if shorts had to file as do longs to expose themselves