Yeah look at all the hedge funds that kept buying VRX as it dropped down from $150 to $33 today. Averaging down could eventually put some of those funds right out of business. I much rather prefer to average up. How about you guys??? Sammy
Investors could have sold at near $100 after the earnings report. Pretty soon they will be looking at sub $90. $89 dollars is coming next week. Big hedge funds are seeing their investments go south. Sell and takes losses or keep holding and hope things turnaround one day. You tell me???
You should have read the previous post before posting before spewing your oil news.....Sammy.
Seems like the word is slowly spreading. But the die hard shorts refuse to acknowledge the situation where demand is growing every year and oil is getting harder and more expensive to get out of the ground. One major disruption in the Middle East supply and this rockets. And the supply disruption could be as simply as a delivery issue and not infrastructure related. As the clock clicks forward the closer we get to an actual cut from OPEC. I don't like $5 per gallon gas no more than the next guys but once oil move into the triple digit range we will be paying dearly at the pump in 2017....Sammy
Nobody really cares no more. Wall Street bulls want to take oil higher and higher she shall go. With all the lost Rigs and Capex reductions by E&P oil companies, where do you expect future oil to come from? OPEC? Not gonna happen as these guys are pumping at full bore. One disruption in production in the Middle East and oil skyrockets taking out $50 in a flash. I'm a big buyer at these levels as we get closer to the June OPEC meeting where there will be big news this go round....Sammy
Tried Fox Business News. They had a blurb about it but don't seem to be covering the hearing live though. Watch channel can I see it on? I hear Mike, Bill, Schilling, will be there....
Now were talking about 75% gains in 2 months and we are gonna leave 40s dollar oil behind just like 30s dollar oil was past history last month. We will be at $50++ oil in a blink of the eye. I called thew bottom in Feb. and said this was gonna be one of the greatest bull markets in the history of mankind.; Further, oil will revert to its long term intrinsic value of $85. Moreover, more money will be lost on the short side than was made when oil dropped from $140 to $26 wiping out shorts from the oil market. Can you say production cut in June???.
No joke. In fact the only joke is people investing that don't understand market psychology. Whenever you see negative news and the stock rally AND break key resistance it tell you one thing and one thing only. This is an Oil Bull and there is no stopping it from going higher. I've been saying right along that we bottomed out on Feb 19, at $26.13 and oil was so oversold there was no way shorters could keep it down below $30 for any prolonged period of time. And in fact it bounced right back up over $30 in no time. And here we are 2 months later and were up like 70%. Still at $45 oil cannot and will not stay down at these ridiculously low level. This is gonna be one of the greatest oil bull markets in the history of mankind. I'm riding this Bull all the way home this time and am a big buyers at these "highway robbery" price levels.....Sammy
And both companies are hurting. But AAPL can just buyout TWTR on the cheap for a all cash deal. AAPL needs to move beyond hardware to make in in the IoT..
They got enough cash to swoop in and buy us out for $10B cash. Seems like a way they can jump start this company again. Apple has the phone and TWTR has all the celebrity users that will give more eyeballs to Apples products especially their vulnerable iPhone. Due you think Tim Cook is thinking acquisitions? $10 Billion seems like a mighty cheap price for a franshise of this nature.....
Wow, WoW. Looks like they time this after the market closes. But we can always trade in After Hours though....
Gotta watch this and will update everyone. Unfreakingbelievable.....Sammy
Up 1% on both of these already and just shorted appl at 97.99. Gonna be a money making day again...
Apple moving towards it mature stage in the business life cycle......Sammy
Oil and gold stocks are set to explode upward as supplies diminish and recovery costs go thru the roof. I'm a big buyer of SLB and NG. Apple seen its better days and now its time to short. Thanks for your many thumbs up in advance guys.....Sammhy
Both stocks running in premarket while Apple tanks. You tell me guys.....Sammy