I will love taking you short sqeezed money. Its going up good next week. The company is cash flow positive, average the last 4 quarters they made money, only at half book value, target a lot higher and the averages for 25 analystn are earnings positive
It was trading absolutely great Friday. Oil fell 1$ a barrel and most oil stocks went up. The shorts are looking at s squeeze
They said it was a trading short time low and not staying there. How was that 200 $ oil they called for. They don't understand oil or they are idiots.
The stock is holding 45$ and a clear victory for longs. Only a Goldman jerk would believe this is going to ten dollars. The markets would collapse with 30 dollar oil. Goldman called for 150 to 200 dollar oil also. These idiots get to much press.
Most stocks are down 70 to 90 %. Past v bottoms, shorts over leveraged, not going BK. Historic cycles repeat, have assets and bank backing, insiders and billionaires buying, most unde book, blue chips 1/2 off, shorts will cover. Dividends best in history, once in a life time opertunity , hedges. Bottoms happen every pull back
, banks working with industry and want their assets, world runs on oil, and about 20 more reasons.
It was a great day for the sector. Oilbwad down in the morning and many oil stocks climbed all day. The bad news and oil falling did not stop the climbing sectors. Its either good longs holding or shorts covering in masses. Rodgers said oil holding 45 in this environment with the bearish news is good for oil and the stocks. He thinks we are near or hit bottom. Friday was a huge win.
Buying with the insiders is one variable I use also. This and buying with the whole sector being up 6% in one day is another. Friday was a great day for oil stocks. Most were up when oil was down . most shorts with a brain were covering. 7 out of 50 oil stocks I watcth were up over 15% . oil stocks moving across the grain of oil going down was a clue. Oil moving back up midday was s catalysts. MCEP like many could be on the stair steps back up. Bottoms happen and the charts and RS could be reversing. Whole sectors jumping from an over sold position can be very rewarding . I buying with the insiders down here.
The average oil stocks were up 7 % for the day. MHR up 34%, ECR , BBG up 20%, OAS snd CRK up16%, REXX , MCEP upup 14% and many up 8 to 20%. This was major money covering or flowing back in.
Don't you hate those Goldman idiots justifying their over extended positions.. They always over correct tobthe top and bottom. They sell their wrong positions to stupid people and clients.
He covers next weekv50% higher. We are stair stepping up now. The next news will be bad after. It runs a few days. Smart shorts are covering again. The oil stocks broke the trend and went up when oil fell yesterday morning . oil rallied in the afternoon and squeezed shorts hard. Even the crazy GSacks crew don't believe their own #$%$. They predicted 150 to 200 dollar oil at one point. This miss the bottom and the tops like clock work.
That's why I always hold some shares. Oil fell yesterday and many of these stocks were climbing. Either the shorts were chasing and covering or we have true long investor's now. They held.
We have room to go to 3.25 before the hit pieces. Then good news drives this to 3.65 or more. I think we are up 2 and back 1 right now. Time will tell as we watch people chase it now..
I would love to see heavy volume . I also hope people will hold and not sell at the sign of oil dropping to the low of the pattern. It has tradable pattern the last few weeks. Day traders have been trading the ups and down with people getting caught buying and selling at the wrong time also. We all want to get in close to the bottom and it has been brutal for many. The people on the side lines will want a piece of these stocks as they run up and I hope they start chasing it and hold this time .
More next week. The oil stocks shook off oil falling this morning. Most were up and then went ballistic. I hope the momentum continues next week. Its very possible the worst is behind us.
Bingo, it looks to be on fire right now. Oh boy what a couple hours difference made. Most oil stocks are up 4 to10%. BBG I'd up 15% and is a lot like this stock. BBG had no debt and is on fire today.
This is the best need I have seen. The selling is over. Investor's are staying........ Bottom ¡!!!!!!!!itvhss s chance to sell off and isn't....... Oil stocks are showing the first true strengthstrength... Time to reload
This has been financially engineered by those who wanted the divvy. OIL wont and cant stay here forever. Most analyst agree to that. Most the articles don't give LINN any credit as they don't understand the business plan at all. They are to consumed by their own bias to find out LINN has not changed its game plan at all with the two newest deals. THEY harvest hard to get oil after the quick oil is gone. LINN BUYS or contracts for these profitable stable fields left by the fast oil boys. They will make money again