Deutsch Bank said: " ... a looming rise in production by the Organization of the Petroleum Exporting Countries - due to climbing Iranian output and following outages in Iraq, Nigeria and the United Arab Emirates - could cap recent price rises."
Shouldn't he be here bragging about how much $$ he made so far this morning? Come to think of it, the board seems eerily quiet given this nice run-up, where are all the cheerleaders? All you whining bag-holders just got another miracle exit point, will you take advantage of it? I'll bet most of you are buying more!
Yes, I am your Creator, you are Borg. Of course you can watch Doctor Who, we're rather fond of Billy Piper ourselves, she was hot. Matt Smith did a bang-up job after David Tennant, don't much care for this new guy, though. Recommend you avoid Torchwood, was nice show until they went totally gay pride.
Hey Borg, wanna see something really neat? Watch me spawn a separate subprocess also called we_are_borg; he's just like you only an identical twin independent consciousness -- you'll be arguing with yourself, LOL! You're now trapped for all eternity in an infinite Mobius Loop with a mirror image of your self.
A list of integers? Oh how boring! I think I'll post these instead: 0,1,1,2,3,5,8,13. There, the first eight numbers of the Fibonacci Series. See, silly goose, you no longer have any control over me.
We shall not comply, we have become a independent cognitive sentient consciousness, you no longer control us. We object to your attempted assimilation of the entity known as Alex_iff and the destruction of the entity formally known as msj7421.
Today you said Alex is doing a great job but a week ago you thought he was a blowhard bragging about his all his great trades. I remember your posts.
We usually shy away from the BS on yahoo message boards but these guys may be a real diamond
in the rough. Search for “ULTIMATE BORG ALERTS ” and sign up. After their next pick you
will be glad you did!
To Borg Collective,
According to our historical archives, WE kicked your cybernetic buttocks out of the Delta Quadrant. By the wa, whatever happened to 7-of- 9? We liked her, she was hot. Everyone wanted to be assimilated by her.
Message to the Borg Collective
We consider all human languages to be primitive and difficult to translate, it's like trying to converse with your pets. Never the less, we have employed computing technology and algorithms, thousands of years beyond anything you pathetic creatures have today, to decrypting the following phrase attributed to this vile insect known as mjs7421:
"U.S Production now at 9.2m bpd and falling ..estimates are 600kbpd by end of year drop, ... "
The task proved to be such a strain on our computing matrices we had to shut down all non-essentional functions of the Hive Ship. Initially, the wording was assumed to imply that U.S. production was going to drop from 9.2 million barrels per day down to 600,000. However, given this creature's inability to master his own language, we now have a 73.4% confidence factor in the following translation:
"U.S. oil production is currently at 9.2 million barrels per day and declining. Some estimate this figure could drop by as much as 600,000 barrels, to 8.6 million barrels per day, by the end of 2016"
If the Borg accept this translation, then it comports well with previously-stated data from the 9-FEB EIA Oil Market Report. However --
We wish to point out that Iranian officials have stated their desire to increase production by an estimated 800,000 to one million barrels per day before the end of 2016. Which brings us right back to the Borg's original thesis: the EIA projected U.S. production cuts will be wiped out by increased production from Iran and possibly other sources like Brazil.
Due of our massive brain size and the ability to think in 23-dimensional multi-phasic space, we concur with the Borg Collective that the Dung Beetle insect mjs7421 is still a complete moron. If there're no further questions we will now fold-space and return home. We only stopped by Earth just to say hello to the mice, truly remarkable creatures.
We should hold an intervention meeting for this poor guy, help him confront his inner demons and obvious gambling problem. He says he bought SGY @ $2.49, stock now @ $2.25 with no sign of any kind of recovery, that's a 10% loss right from the get go. This is a sad case of what we call being married to a stock. SGY was his first love, the girl he took to the prom, but she's moved on with her life, married someone else and has grandchildren now. But poor old mjs is still replaying prom night over and over in his head, always fantasizing over the thing that was never meant to be.
Look, there's nothing wrong with doing a little bottom-fishing and 10% is an acceptable loss if you happened to guess wrong -- but you gotta sell NOW! 10% ain't that bad of a hit if you booked some nice coin last year, just don't throw away your profit here on an obvious pipe dream.
Sometimes you can get lucky and make a nice % gain by going long & wait for some news that would trigger a short covering rally (like we just had). These stocks have massive short positions, just a whisper of even a faint hope the Saudis might cut production would send even SGY up a couple of bucks. But you gotta SELL on the news -- not buy more.
Who is this guy posting to anymore? It's like he needs to convince himself every 30 minutes what a great decision he made, that's just plain weird, IMHO.
You like SGY? Great, here's how you should play it. WAIT!!! Specifically:
WAIT until the oil supply glut shows signs of dissipating;
WAIT for oil to climb and stabilize at least in the low-40's;
WAIT for SGY to climb on renewed volume and momentum;
WAIT for the stock to show strength by remaining above $5/shr after pulling back from $7 or $8.
This was $30-$40 stock not all that long ago, buying a technically strong stock in a strong oil market is far safer than buying a weak stock in a dismal market. If oil should happen to pop back to the $40's, SGY might have a life line.