You come out like a blazing idiot when clf drops to the lower range of its trading band at $5 but are strangely silent while it rises to the upper level of its trading band between 5.50 and 6. Stop being such a fool.
I don't disagree with you. My reference to the long-term is for how long it will take to right the CLF ship. LG will do it, no doubts.
One should not short this stock anymore though, even if the turn around takes awhile. LG has done stuff no one on WS thought he could or would do. Other than the cheap prices he got for selling some stuff, it is being done.
The risk-reward will favor shareholders but not for awhile. Like you said, best to trade this for pocket change and close the book by end-of-day.
by nearly everyone (excluding one)? People wanted an exuse to take profits is the only reason I can think of. Today they had the reasons. However, the % move was so far beyond anything I ever would have guessed. massive, swift, deadly and hopefully over with
steadily on much better vol than all the other producers. Something is clearly going on in the sector.
Right now CLF is trading where it was at just before its last ER, from where it moved up in the AH above 8 but quickly gave it all back and more but on nothing like the vol recently.
For whatever reasons, the IO sector is getting much love recently, and maybe it's all about what BHP did and that could be short lived with new production coming on line soon from Australia. Anyway, time to play the momentum and get a little long and make back some of those big losses in CLF that I have.
Great commentary on all the above. Recent new/expanded partnerships also bodes well for better guidance. Based on how the other cyber security stocks have been trading and those who already announced, it is hard to make a negative case for feye ER.
LG said no exposure to BL whatsoever...LG challenged the analysts to argue their case against his plans...LG blasted the majors on their stupid failing strategies...LG took the idiotic analyst to the wood shed... etc., etc.
LG made a case for the CLF strategy actually wowed most of the analysts. Maybe CLF begins to get some upgrades once the shorts have covered.
I got back in with the BHP production news. Now VALE is talking about doing some of the same. They are paying attention to what LG already said about the majors many times before but have ignored until now.
Everything LG said suggests higher IO pricing at some point in the near future.
I added shares the day before the ER. They are slightly underwater but could be positive today. With CLF, who knows.
Maybe this year is the time to get and stay long and recover some lost funds from the past 18 months.
What a CC.
Nat Gas crosses $3 today and there seems to be a bid on CHK for a change. All the time nat Gas was rising, CHK was retreating. Ichan's increased position and the CEO buying hasn't done a damn thing for CHK.
Someone at the company should come out with a better narrative for the company rather than letting the shorts continue to write stories that are negative and forces the SP lower.
The increase in the short position off the latest report is stunning, and likely growing again.
Some one needs to get off their butt and support the story.
guys who have shown they can not run this company.
TWTR still falling here.
This has happened to CLF four times already YTD. This is what my current bet in CLF is based on. Anything more like resolution on BL, LG buying shares, etc., may just be extra gravy.
Nevertheless, I am not betting on LG or BL, as we've been down this road too many times. Volume won't even hit 4m shares today, where the 10day avg is 8.5m shares.
No one seems to be covering, just seems to be a predictable and orderly move back up the BB for now.
good vol itself, so the selling that hit after that was a surprise. Most of the headline news is more postivie than negative.
Maybe some of the drop has to do more with production concerns, supply and the stronger dollar than it has to do wit hsdrl ER.
And he was asked twice if he is going to be CEO by years end and he dodged the question both times when asked. This may be the reason twtr is rising. WS thinks the idiot will be replaced.
higher prices from 14 to 15, it did rip higher harder than what the other drillers did. This tells me SDRl is s a stock people want when they think the tide is turning.
No volume? What are you looking at? Vol is already 1m shares above the 10day average and it's only 1:12pm eastern time. Vol is very heavy today while the stock pennies away from its ytd lows, and drifting down toward its 10 year low. CHK is adown aboutv 4% today.
CHK has dropped in price weekly from July 2014 (damn near one year decline without any turn or hope for a turn. Forget what Ichan and the CEO did buying shares, because everyone else is shorting or puking this one out. This is a very ugly and it's on heavy vol.
Shorts are not bleeding to death. CHK is now at a five day low with nat gas being up some 6% or so since yesterday. This is remarkable.
Look at a one day chart in 5 minute increments. It's red by a factor greater than 2:1. WS is hitting the advances of the morning agaIn and cruishing the stock.
Something is clearly "f-d' up in CHK or somewhere else, as this makes no sense unles the advance is not beileved by WS, or they think oi/gas are at the upper limitis of their trading channels and will decline again.
Some major forces are at work here.
sells everything they can?
How else do you explain these great stories with rumors by many analysts that twtr will be bought out but have a share price that continues to decline on what has been massive volumes from the last drop?
I hadn't given this much thought before now, but given how the stock trades every qtr since the IPO, maybe they just don't care? Look at amature hour when they made the CEO change and today's PR that they are on,y looking for full time CEO. No kidding.
TWTR management is scary to me.
They also said oil will drop to $45 from here and before this they said oil will be from $150 - $200. Enough said about GS
Momentum turned positive on 4/9. It was in negative territory from 3/5 to 4/8.
The 10/50DMA is upward sloping and feye trades above those moving averages.
Volume was trading below its 10day average almost every day from 2/24 to 4/7 and since 4/8 is at or above its 10 day avg msot days.
We may see the February high of 45 very soon.
While news flow is generally postive of late for the sector, the stocks haven't done as well, but the trend is going in the direction for longs.
I think we see the catalyst for more advances when the sector starts rolling out with earnings. Who is the first to report - anyone know?
This is one of those head-scratcher days.
any rally in feye seems to be treated with suspicion or doubt of a sustainable advance. FEYE still has to prove itself to WS.