must be time for the SP to go up for those long traders
Traders love a good stock like COCP. How low will they trade it? Don't even bother guessing all you chart experts.
do you really think you can short SDRL? This JC post is as silly as his sell rating. Maybe these kind of blogs worked a decade back but investors today are much more intelligent and just laugh at the clown. The sum of all the clowns at CNBC is why I choose other ways to obtain my market information.
from NITE BID/ASK market orders. NITE is notorious for being a large hedge fund that frequently shorts small caps. Their BID/ASK orders today were very different from 2/23 and 2/24. Good news of some sort would be useful to maintain the upward trend. This is not a bash but simply an observation.
I don't trust NITE at all when it comes to their leveraging pumps and dumps. Maybe it's just a decoy to sucker sellers?
Gartman has outlived his usefulness for everyone but CNBC. But everyone already knows that with the clowns CNBC maintains as their "personal" business-show commentators. I stopped wasting time watching their business shows where the commentators, like B Quick, J. Kernhole, etc., spend too much time embellishing their own persona.
stuck and dead do, however, spell loser for anyone shorting and paying interest on borrowed shares. It's really a contradiction when shorts use those terms.
thanks for all the comments. fact is, many funds invested b/c there was a dividend. one fund that manages one of my ira's says it's mandatory. they sold at a loss. my own managed ira's and cash portfolios still own it. only time will tell me who was the better fund manager.
and will therefore have very few buyers until the uncertainty around the dividend is resolved. Even after the drop in oil price has leveled off there will still be no incentive to buy SDRL stock. Holders, like myself, will only look for spikes to sell for cash to buy stocks with a dividend.