looking at the chart, it is showing support in the $8.50-9 area and resistance around $10-10.50. it could consolidate between those areas for awhile? or it could shoot straight up from here. either way, i see it going up overall, and once it clears $10.50 and holds above there, it will be off to the races. personally i bought jan 2016 $10 calls just in case we see the consolidation. either way, oil will continue to move up and it looks like their earnings will continue to be good. i still see it hitting $15-20 this year.
Sentiment: Strong Buy
i really wish they would put restrictions on these analysts and their biased calls. they are able to come out with these stupid calls whenever they feel like it. these guys do not add anything worth while to the trading world. makes no sense. didn't gs say we would have $20 oil this year? my point exactly
it's been terrible. especially after a very strong earnings...however the consolidation leads me to believe we are headed for a breakout soon. will be at 140+ at some point this year. what strikes are you currently in? i got screwed this week. i bought a bunch of may 135 calls about 2 months ago when it was near 130. thought it was a slam dunk...instead i got dunked! still bullish on apple though. if i buy more calls i will probably do the dec 140's
hold over 87.50 and close there. still not convinced we are out of this range from $80-86. we have been there for months. i REALLY hope we are. we will see how it reacts tomorrow and next week.
yep. you would've had to buy 80-85 calls yesterday. i bought some may 95 calls. i hope you're wrong, but it wouldn't surprise me. it's very difficult to make money in this current market. even strong earnings can't do it anymore. look at apple. i bought some may 135 apple calls also. have lost big time on those so far.
either way i am looking for good earnings and guidance which would continue to take this higher. and oil should get to 65-70 in the next few weeks which would also help. i am looking for $12 by july
Sentiment: Strong Buy
it usually breaks out when people are least expecting it to...when everyone is expecting it, after earnings etc, it tends to pull back like we are seeing now. doesn't always happen that way, but it does happen quite a bit.