As I see it Opec will keep (possible production cuts news) in the new over the weekend and into next week. Talks cheap but when a few countries that badly need oil to go higher - start pushing matter regarding Opec production cuts - Oil goes wild on the Up Side. Its going to happen today and into next week. Not sure where oil tops out buy I can see Uwti being over $3 a share early next week. Worth the "risk" to hold and go long since Uwti is so beaten down.
Looks like you might of "nailed it" truth. If these Opec rumors start to gather "feet" Uwti could be over $7 a share come Tuesday market open. And that might be a conservative estimate.
Russ so "cheap".
See lots of positives going forward for Yahoo:
Company could be bought out and you know if that happens buy out price way, way higher.
Alibaba starting to ramp higher and for every few bucks it goes higher - Yahoo piggy bank get bigger
15% layoff helps bottom line as Yahoo now becomes a lean mean machine
And I would not be surprised to see Yahoo do a partnership with someone with big, big bucks
Buy low - sell high and right now Yahoo is "dirt chea
Investors forget the Alibaba is still a fairly new company and its stock has only been on the market since Sept, 2014. Jack Ma is extremely growth orientated and is moving his company in several directions. Sure China's economy has hit a rough patch but that's not to say that Alibaba still can't grow, beat estimates and gain revenue faster them most competitors. Bottom line I think buying now at around $64 a share is a "no brainer" since the stock is beaten down, forward guidance is extremely strong and should China's economy stabilize - Alibaba stock will be over $100 a share before you break your chops sticks for not buying it.
Tomorrow we're up on Fed news that Yellen won't raise rates this year and add to that a (bump up in Asian markets) and I think Baba jumps.
so why play Spy when you could make some serious money going long Nugt, GLD or Jnug? Seems a "no brainer" from my view point.
as Friday's weak job report puts another nail in the "Fed Coffin" to not jack rates this year and possibly hold off until mid-2017. And stay away from Dust - unless you want to lose everything and the kitchen sink.
Must be hiding knowing that oil is heading South as in high $20's a barrel by Friday. China economy on last breath (while govt. plays with numbers) while oil now inches from reaching worldwide inventory levels. Soon China economy lower then Russia's and oil in the TEENS.
Lobster Red Boys and oil will drop throughout the day/this week. Oil production cuts go up in Smoke as China economy goes into death spiral.
and "DOWN GOES FRAZIER". Anyone long SPY tomorrow is in a WORLD of HURT since the China meltdown is going to take everyone with it. Especially those who play (fake) China stocks.
After an almost unprecedented surge in credit (total social financing) and over-invoicing enabled a bounce in China's PMI data in December, both Manufacturing and Services data tumbled in January, confirming South Korean trade data. While manufacturing continues its contraction (dropping to 49.4, the weakest since Aug 2012), it is non-manufacturing's plunge from a one-year high "transition is happening to practically the weakest print since 2008. YIKES
and we know as a "FACT" that Iran will Pump, Pump, Pump 24/7 so they can try to gain back badly need market share. Its written is stone. And we also know as a "FACT" - all this talk about oil production cuts is just "talk" and really just a smoke screen for what's about to happen. The complete collapse into the low $20's range. Iran, Iraq, Libya, all pumping full throttle while U.S. refineries shut down for winter maintenance service.
Go long oil if you want but be prepared to lose fingers and toes when "reality" kicks in.
but don't blame me since Apple has not rolled out a new product in seven years, unless you count the dud iWatch a new product. I mean I'm the CEO but not responsible for pushing new products. Heck I'm busy trying to keep Uncle Sam from collecting Apple's taxes so look some where else as Apple stock craters.
and on top of that "we haven't had a home run product" in years. Pump and Pump yet extremely Weak Forward Guidance coming to a theater new you.
Agree and next blizzard is scheduled for January 2017. So short oil for next 11 months and then go long 2/17.
Sub $1 Uwti coming very, very soon.
and we all know oil has a lot further to drop since next inventory report will probably show there is no where to store the falling black liquid.
With Iran and Libya about to start pumping to the Max you know oil is going to fall hard, possibly under $20 a barrel by end of month or certainly early February. And when we reach maximum inventory storage by February look for oil to fall into mid-teens. DOWN SHE GOES
and very possibly close Major Red. All this Chinese garbage news is a complete head fake. Oil going lower boys - way lower as everyone pumps to the max to protect their market share. And now we have Iran and Libya in the game which will easily push oil to low $20's if not lower. Anyone going low Oil going forward is a Complete Fool
Suggest you make a strong drink and put on jc hammer - "Can't Touch This". As in can't touch the black liquid for 2, 3 years or you lose everything.