I was kind of right for now on Thursday like I said I was out of DVN early a$1.60 higher than the closing price. I did buy it once more $30.94 out $31.24. Energy I still believe may have run too far too fast across the board in a few months. I think markets may struggle Friday no matter what the jobs number is. After the ADP and weekly numbers I think it comes in shy of the 200K estimate. Holding MRO for that L-T may get you a double or more when things get better for oil eventually.
Once again I am short but if you think it's make believe then It's make believe. By the way how much are you down now? Like I said earlier when I cover I will give it a day two because I sometimes cover too soon so if it drops more I may go long... then can I get to call the shorts Trolls, Losers and Morons. Is that how it works?
It's called Cramerized for those who bought after the Mad Money chart show to $15. I am amazed that the callers who are under water in any of his pumps still love him. He has been pumping like a nut lately while markets were near all time highs again. Sell in May is here I still believe.
Please give it a rest all retail is in the toilet since oil and gas prices are up a lot in just a few months. I should have done what I used to do with ANF short this thing and make money again. Thank God I only have a small amount near $30 it appears to be a tax write off already. Oil may have peaked so maybe this can get back to $27-$28 at least. All retail sucks right now and that's a fact.
Cramer actually nailed it this morning Park does not know how to do a forecast for future earnings. I bought a little at $14.16 may have to add more or if it bounces I run. Thank God I sold my son's shares mid April near $17 he missed a buck plus after that but look at where he would be today. It's a shame they beat then they guide down same scenario again. Possibly the market in the future will believe this guy under promises then over delivers like AAPL used to do for years.
It almost got there today it did get there days ago but look at yesterday's low $34.43 and where this closed today....what a move.
That's because traders bid it up early hitting shorts I bet but then reality kicked in that we are still awash in oil. The fires and the Libya stuff most likely are temporary. The jobs number could affect the dollar which could move oil also. The dollar seems to be getting stronger despite our slightly anemic economy maybe because the world growth stinks. This CLR was a moon shot today because it got 3 upgrades today and after reading the release I am still kind of scratching my head but what Hamm said late in the day held it near the daily high. I cannot touch this thing after this type of move. Let's see if CLR follows oil going forward or these upgrades. If this pulls back near $35 on oil dropping I figure that may be a spot to take a shot but you and I know this is a high beta stock so anything is possible
That was impressive it held the gains. I can only hope for oil to pull back to get this on a dip. Hamm did stick his neck out here by saying what he said. If oil retreats and CLR does not go cash flow positive later this year shares will be under pressure at some point. Hamm was wrong about oil bottoming in the 70's so let's see how this goes. What's amazing about today's move (most likely a lot of short covering) is that shares hit $34.43 yesterday....do the math.
If it gets there I will start to buy in stages with you.
My My you guys that are losing money are so very angry. Remember oil and the dollar will tell you where AA is heading not Klaus and his never ending optimism. I'm a Troll I'm a Loser I'm a Moron....How's that?
They will be cash flow positive this year that's the recent pop I would guess. Let's see the close on oil and these shares. Cannot buy this just too high now I can wait for a pullback in oil.
Calm down it will be OK. I'm looking for the $9.60 to $9.70 to cover my fake trade. Is that OK with you...I'm a Troll...I'm a Troll...I'm a Troll. There I did it for you.