Based on today, this would maybe hit 52 in that scenario? WHat a joke. I am not sure it will ever get back up to 100.
Looks like market bottom to me.
Sold more. 85 cents average. Will be long at 39.15, a very big position for me (25% of capital).
This is nasty.
Year to date: down 35%. The low quality #$%$ is really, really moving today. There is just too much cheap money sloshing around. One day they will lose control.
Shades of 2008. 2 days in a row completely nonsensical moves to the upside in a violent, violent way on recessionary data and huge oil price spikes. If they ever lose control of this we're in a lot of trouble.
All perfectly normal folks- nothing alarming at all.
Oil making 4 standard deviation daily moves is totally normal right? Man, something is broken in this system!
Whipsaw to the max. I am not trading right now but, even though volatility is supposed to be "Great" for trading, I know about 10 guys who have been trying to trade for the past year. Half of them lost every last cent, I'm talking 100%, and 2 of those guys actually had a negative balance in their account somehow. This is an insane environment.
Truly scary. In fact this type of violent rally for no apparent reason usually characterizes severe bear markets, does it not? Please if anyone thinks otherwise correct me but I believe a recession is here and a severe market decline is coming.
60 cents higher from low now! Here we go! Could hit $35 this month now at this rate!
Bad news is we delivered the best earnings report in the history of any company and the stock price is down.
Unbelievably strong results. Figured stock would be up $2. Saw up $1 or so pre market. Now it's RED?! What's your opinion on why. Cannot understand.
What does it tell us? If this junk BS hits $60 I'm sunk.