There is a chance that after the first or second Democratic debate that you would see money starting to come back into the market. That is, if the candidates all look weak.
I do believe a person could buy these really depressed oil stocks and do very well in a year or so. In fact, if someone was to ask me what I'd buy today if I couldn't trade again for another year.......i'd be oil. Double-triple your money.
Over this weekend I happened to read an article on the yahoo site concerning the credit markets and how it is becoming harder to attain money. The gist of the story was that as most of the corporate funding has been coming from sources other than traditional banks the last couple years or so.............it is starting to dry up. And that banks are not going to pick up the slack. Therefor we may well see a downward move in the markets. Look up the article on yahoo, I'm sure it will still be available to read.
dh, ya, I know I'm always the one asking the teacher a question they can't answer. Story of my whole life. Thing is, I see no reason final numbers on the amount of money going and coming out of the market at end of day isn't published. I mean, we both KNOW that someone is privy to this knowledge. And, there are a ton of other figures that should be made known to the american public. I'm sure the figures of which I speak are compiled and used to run those darn trading machines.
Don't know what your limit is on the price of a stock, but CNC reports in about two weeks and should see a substancial rise. Could go to 70. Also, MANH is a good one to catch in here if it gets a 2 or more point drop in a day. It reports on the 20th and is a quality issue. Personally looking for 72 on it. Thanks for the info. Jim
VXX is 'dicy'. And a drop below 20 should be a signal that the market is ready to stabalize. I look at it like holding gold. Gotta have some insurance, right?
I am seeing oil 'claw' it's way up since an hour ago. Looks positive. If it can hold up through next Monday we might just have something here.
Does anyone here know of a site that reports the daily amounts of money that say come or go on the NY exchange? Somewhere, someone must be showing it.
Well, so here we are on Thurs. Market seems ready to start down again 2 hours after the open. This must be 'wearing' on people fully invested. I'm waiting on the sidelines and not in a hurry to invest so far. It WAS a nice preview this Mon and Tues. as to just what the oil stocks would do if the outlook became more positive. IMO, we're not there yet and will look to get in on previous lows for the time being.
Kee, just remember that one of the surest ways to be re-elected or to retain your party's presence in the WH is to become immeshed in a war.
Kee, it would be interesting to see ( revisit history) what Russia's move into Afghanstan did to the world oil prices back then. With Putin going back into a simular mess I would expect some simularity. While we can't so much look at it from a supply side, we sure as heck can evaluate the political implications. Let me know what you think.
Just compared MON to DD as a chart history. They do tend to move somewhat in lockstep. DD has taken off the last couple days. Just fired the ceo, but you'd usually think that would cause a drop, not a rise. Not sure, but MON could be about to lose some political clout. If you ever chart certain companies to which party is in control of Washington you find some really interesting correlations. Continued pressure on MON seeds is (imo) going to only increase. I wonder how much of the corn crop this year is MON seed. Maybe Stagg can fill us in.
If it hadn't been for the oil 'pop' today this would have been an overall down market. And that 'pop' can 'poop' by end of week.
Well, about the only cheap stocks I'd rec today that I follow would be CPLP at 6,50 or lower and PIR at todays price of 7.33. PIR's drop below 7 was just ridiculous. Getting it at 7.33 should be a good move if you can wait out X-mas time to sell. 10 bucks by X-mas is quite doable.
This is just the kind of 'whipsaw' movements I mentioned the other day. If you've done well the last couple days I'd strongly advise taking some money off the table. I'd be selling SFL today looking to enter back in a dollar or more cheaper down the road. Don't forget how the big guys were sucking your money out of your pocket as these stocks dropped and the fashion inwhich you lost money. Now, as you might see upside building, don't be afraid to pull profits on the up days and buy back in on the drops as it moves up. If it does move up. That Aug24th drop was no joke and bodes the probability of another big drop. Oct. is a real 'boo' month for stocks.