Sun, Dec 28, 2014, 1:43 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Celgene Corp. (CELG) Message Board

rgneckow 4 posts  |  Last Activity: Oct 18, 2014 1:37 AM Member since: Jan 25, 2004
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to


    by terrienscott Oct 17, 2014 2:00 PM
    rgneckow rgneckow Oct 18, 2014 1:37 AM Flag

  • Reply to

    conspiracy theory

    by terrienscott Sep 24, 2014 2:06 PM
    rgneckow rgneckow Oct 9, 2014 9:46 AM Flag

    I would agree that oil is prices higher than it should be most of the time. Since oil went through $60 in 2006 it has been overvalued.
    But don't fool yourself into believing that crude oil can only be pushed HIGHER by speculators. All they have to do is take the other side of the trade, or simply pull their bid... and crude oil heads lower.
    In 2008 oil fell from $140 to $30 in six months time, and 78% drop. Meanwhile, the world demand fell from about 85M BBL's, per day to 82M BBL's per day, a drop of less than 4%. If supply/demand alone dictates oil prices, that could have never happened.

  • Reply to

    conspiracy theory

    by terrienscott Sep 24, 2014 2:06 PM
    rgneckow rgneckow Oct 8, 2014 1:13 PM Flag

    Charts comparison:

  • Reply to

    conspiracy theory

    by terrienscott Sep 24, 2014 2:06 PM
    rgneckow rgneckow Oct 8, 2014 12:34 PM Flag

    Yes, OPEC has controlled the price of crude oil pricing for generations. I think OPEC still has the power to cut supply, they only need to stay unified and they can still control pricing. Will they ??

    The would is awash in oil, but it's not as if it just happened in the past couple of weeks. US oil supply has been growing for years. I don't actually believe oil trades primarily on supply/demand. I believe the forces of the US dollar, speculation, and technical analysis determine more where oil pricing goes to a greater degree than supply and demand.

    I have friends that point to supply and demand. They have reasoned that eventually supply and demand will push oil lower as we have witnessed in the past couple weeks, so are they correct ? I argue that either supply/demand controls the market at all times, or it doesn't at all.
    How can one argue that supply/demand only works when the stars align ?

    I can muster some sort of belief in a possible conspiracy pointed at Russia, due to the very sudden drop. After all, OPEC has chose to defend oil and float the price many times previously.
    I can also believe that futures traders could be spooked by a potential world wide Ebola contagion.

    All said, the current Brent & WTI oil price drop explains the recent drop in AWLCF. Take a look at RIG & DO.

113.35+3.75(+3.42%)Dec 26 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Prothena Corporation plc
NASDAQFri, Dec 26, 2014 4:00 PM EST
Rice Energy Inc.
NYSEFri, Dec 26, 2014 4:02 PM EST