Listened to the whole Trump segment on CNBC. He makes some very good points on trade and the fallacy of "fair trade." Just like income inequality I guess......what's "fair" to one person (or country) may be very unfair to someone else on the spectrum.
Maybe a secondary offering on the way. Perhaps as soon as later today. Probably wouldn't hurt the price much. Others like MRO and DVN are higher since their offerings.
Good trades. I see that UWTI will reverse split 1 / 10 effective next Monday. Also, UGAZ will reverse 1 / 25, also next Monday.
No energy holds of any kind right now.
Just added more @ 2.43+. Have lowered my average cost to 3.14.... (range of buys--$2.25 - 9.96). Position is 9%+ of my IRA account. Big allocation for me anyway. I guess I'm betting on a good report and outlook coming up after tomorrow's close.
Looks like things are shaping up. All good things to consider as report and CC is tomorrow (Thursday after the close, March 10) after the close. A little light volume selling today.
Around 60 F in Green Bay. Very nice day.....................Kel
What was 5 shares became 1 share. Now, that 1 share will become (in affect) 1/25th of a share. So, you take the initial 5 shares X the 25 and that comes out to 1 new share for what was 125 shares just 7 months ago.
And this just reverse split this 1-5 last September. That's 1 - 125 in 6 months.
The 20 and 50 day moving averages (MAs) are flat and / or just turning up. The stock closed today above both MAs. Bottomed out at 1.90. These are all bullish signals that the decline is exhausted and the stock is ready to move higher.
Earnings report and CC on Thursday after the close.
Assets at a discount? Must also get the debt at a discount. Looks like the shorts in Swift covered long ago. No short covering rally for them. Even Sandridge has quadrupled.
The wholesale price of RBOB (unleaded 87 octane ethanol based regular gasoline) bottomed in the 90 cent area depending on which contract you look at.
It's now trading at $1.37 for the April - front month contract. Add to that the taxes and retail markup to get the current pump price (about $1.85 here in Green Bay). Low was about $1.25.
Like j-man said. If low gasoline prices didn't spur spending by consumers, what happens now? Maybe they start really pulling back on spending.
Added shares @ 2.55. Have now reduced my average cost to 3.37. Setting the table for a really good Conference Call on Thursday after the close.
Trading @ $1.621. Amazing that the contract for next December is trading @ $2.52.
Info from CME Group.....delayed 10 minutes. DJIA futures down 22 points. S&P down 3.5 points.
The SPXS (shorts S&P 500 X 3) that I bought near Friday's close is at breakeven now. Will see how it opens on Monday. If the market moves higher in the first 1/2 hour, I'll be out of that position. Other than that., I'm over 50% in cash.
And just wait until interest rates start rising. For every 1% (100 basis points) the interest on the debt goes up, we'll have to pay an additional $200 billion per year of interest. No wonder the FED keeps finding excuses not to raise rates. That would make Obama's legacy look very bad indeed. They'll dump that problem on the next President.