Anyone's guess at this point. MANIPULATION..............................
Your presentation sounds plausible. Something not right out of the blue with this R/S. If oil tanks further after the R/S, they will bring it down huge again. Will you be able to short uwti after the r/s ? I;m down 10 K and now facing bigger losses after the split if oil heads south big time. How do justify that?
If oil bottom and then it's up from here -good. Doubt it though. If oil heads back to 38-39 range, they are going to tank uwti down again. I've seen this many times with non stock oil. IDK if this ENTS works different. :(
For me to get my money back 10K my cost average was 2.8589. If uwti ends at 1.50 say, it opens at 15.00 pps, if oil tanks again; they will bring this down again to single digits. Can you short this uwti after the R/S next thursday if need be? Playing against the box/ shrting the box holding long and short position in same stock?
I've seen this move many times before with other stocks. Non oil that is. After a R/S , they bring it down again to single digits while shorting it. This is not good IMO. I'm down appx 10,000 bucks holding from high 2's. Now what ?
Going UP ???????????
.59 cents..................crude oil 30.................20.................... This is what happens when you drop out of school and can't get not even a GED...............................
Whether you are being facetious or literally -you ain't kidding. OPEC will do a number soon. I agree with you call me crazy
48 on crude and possibly to 50.00 short term. P-O-W !!!!
In 2008, analysts were saying / predicting oil would tank further than the 40 barrel. What happened next? In late 2008 early 2009 it went to 70. Upwards rather than downwards from all their predictions. You calling 28 oil is ridiculous. Based on what?
Support 44.00 I would be cautious. If it holds, move to 48 and most likely 50.
Since you are so sure oil going to drop, GO ALL IN SHORT UWTI or any other oil index or individual stock.
Show us how brave you are by backing up your words.
If hurricane Erika was to hit the East coast from Florida up to the North East, you'll see crude oil hit 50 plus..............................Hurricanes = Production of oil down = PRICE AT PUMP UP !
$55/ barrel until 2020. Five years from now ? By late Spring early summer next year , crude oil will be at $70/ barrel they say. Where are you coming up with this? BTW- it's a channel playing 40-60......................It tested low of 37.75 and bounced up to ? anyone's guess.....................We shall see
Following dwti carefully myself. From 220 to tanked hard to 120 in 4 days. If oil hit 50's, might go in dwti in the $60 even lower range. I saw this take off from 58 to 235 which stunned me. Dwti will tank hard this coming week IMO.
TerryIndn, not yet. From mid July up until this week 45 days later (end o August) big money-smart money was SHORT ON OIL. They knew this week, it would reverse. I knew it too but I'm a MORON and one of the worse trades you'll ever meet. Or else I would have shorted dwti or bought tons more of uwti at .70 and .80. I didn't Why? Because I was scared and thought oil was going to 35 and uwti to .50
This market beats you by psyching you out.