Actually $26 did Not really hold . People of middle ease are taking advantage of stupidity of investors here by starting a rumor and look at you thinking oil is going to $60 . How much have you lost by being fooled . Regardless of how much they cut , the tables are turned now . Before we were importing every drop of oil but now , thanks to fracking, we have so much every one is looking for storage and US is not part of Cartel + Iran . So they can Not do a thing . So keep losing while dreaming
Funds heavily invested in this name and suffering from huge losses jumped in again and bought all they could to bring the stock to above $7.00 close as if that is the deciding factors for others to jump in .
Of course, we have seen the same movie at $10, $9 , $8, and now $7 .
The new report today stated that oil glut will be so huge that even swimming pools will be filled with oil .
Of course, all these funds are increasing their losses substantially but the more important question is will they do the same thing if it was their own money ? Not a chance
Several days ago I said I sold every thing and bought GLD . So far it is up 11 points and will continue to go higher.
This is Not a market to be long any stock especially oil related . Keep an eye on TEAM and buy it after a shake out may be in second half . I have lots of put in this stock at $9.00 strike and will hold them until second half . Today the new report on oil said that there is so much glut that by second half even swimming pools will be filled by oil . Look for low $4.00 for this stock
I agree . Oil will hit $19 and this stock will go below $5.00 . Hedge funds who bought the $5.00 put will push it below which will force margin calls as funds can not be in stocks under $5.00 . I think the earning will push it low $6.00 . Funds who are losing big buy a bit to keep it above $7 but that is a foolish thing . I am keeping my puts
The management made that decision on oil around $90.00 . No one knew oil will drop to $20 . When revenue drops by billions and stays low you are trapped . I bought at $8 and it ran to $10.50 but when quickly it dropped I bought lots of $9 puts and when it came near $9 I sold everything but kept my puts . I sold everything else and bought huge in GLD at $105.
The stock will not recover until 2017 and some of funds who try to push the stock up are idiots . They tried it at $10, then $9 and $8 and now @ $7
Massive volume is because funds that bought it around $9.00 & $10.00 have to buy more and more to push it higher if they can to curtail losses . Look at how many times funds have bought massively even during today session but sellers are just selling . At one point buyers will have to give up .
Huge volume in put option @ $5.00 strike . Has been extremely active . Every one is betting it will hit it
I am in GLD only since a week ago . I am glad I liquidated everything . Even FB is below $100 . Sold mine 109
Some people do not know what this company is and what it is up to . This is a hidden jewel .
Short sellers have tried to break the stock but no one is selling . I am holding my shares for several years .
This company will make us huge money . Amazon might grab this company to enter modernize and upgrade their aging system
Hedge funds will send yearly statement to their investors for 2015 which ends in couple of weeks . Bill Ackman , famous short seller said his fund is down 20% which means billions of dollars .
Short sellers who have shorted this stock will have to do the same and show substantial loss which is very embarrassing . That is why you see them to short more and buy stock at Ask price and sell it to the Bid to drop the stock . As you see the volume is extremely low because real holders are not selling and volume that we see is trading volume meaning the same stock being bought and sold over and over .
Also note that 5 minutes before the close they dump around 2 million shares to break the stock down .
Yesterday they dumped shares after Fed announcement of rate hike of 1/4 point as if for people buying a cup of coffee for $4.00 need to get a loan for that . This shows how Stupid these short sellers are .
This stock is the best stock for 2016 as people will always spend $4.00 when they are happy or sad .
The best stock to benefit from lower oil and gas
In the meantime let these Idiots short more at these lower prices
The only way to drop a stock is by selling shares . Short sellers not only sell shares short but they also buy shares on open market at higher price and sell it to the bid at lower price . Anyway, they lose money on both ways
For the past several days shorts did not let the stock rise as they shorted more to get a chance to cover.
Today, after the Feds announcement , shorts dumped shares and drop the stock by .70 cents trying to say that the announcement was bad and get people to sell . But Smart Money bought the stock . Short Sellers can do all they want but they will realize a massive loss and their investors will pull their money out
No wonder some hedge fund was trying very hard to drop the stock below $59.00 to signal bearish status .
Now the hedge fund has no choice but to pay more to cover millions of shares shorted during past 2 sessions .
SBUX is the only company to benefits directly from lower oil . Consumers will easily pay $4.00 for a coffee through saving from lower gas . I added more today . The Idiot who shorted a strong stock