Robert, Thanks for the correction. The person that I read this morning wrote this: Bullish Calls:
Kinder Morgan (NYSE:KMI): "You want to be in KMI because of that 5% yield. We think it will go down to $33-$34, and that is where we will pull the trigger."
Vanguard Natural Resources (NASDAQ:VNR): "People have given up on these things like you wouldn't believe. You can buy some, but then you have to hold back and wait."
The light bulb burns dimmer day by day. This is what happens when a momentum stock dies. When it happens, the likelihood of it returning to old highs is slim. I don't think those who bought the top at 83 will ever be made whole. GLTA
At 75 the PE was an unsustainable 63 +/-. It's still a light bulb ! I was made out to be the village idiot for saying that at 50, but at least I am not the "down 18 bucks" idiot. LOL
I believe that iron ore was in backwardation when Petee recommended the stock about 7-8 weeks ago at 18.30, an event that was touted here as "positive news". Turns out it was just "news" without the positive part.
From someone who does not own the stock, who only watches it because a family member is holding it. What did Casablanca pay per share for their 5% stake, and when did they buy it ? Thanks.
And Peteeee is down 38% from Aug 11 . . . but we were told here that his recommendation was "positive news". These message boards can be destructive to the unsuspecting.
Next time someone wants to know what a downtrend is just show them a chart of CLF. Down more than 31% since Pete picked it at 1:00 on Aug 11, an event which was touted here as "positive news". What a joke !
4 weeks ago today it was announced here that Peteee recommending the stock was "positive news". I questioned then whether it was "positive news" or just "news". I was basically made out to be an idiot. What a joke ! Now down some 25% since that "positive news". Welcome to Wall Street !