A$$clown was singing that story last night and helped it get near $52 and has been singing this song now for awhile. Guys like this create new bag holders each day he should hang with Cramer and the Najarians.
Yeah they may have prevented a nice move today with oil down big. I'm buying down here near $24. This stock is too beat up I believe at this point. I think we see $25 plus in a few days.
Talking heads like this one on CNBC last night saying this report should have the shares up another $5-$6 from where it was last night in the afterhours. I would guess his firm is shorting Yahoo today. It was a love fest last night but not this morning especially with the negative news out about Baba before their release. It's still a long day let's see how this plays out later with the Fed.
Has the stock moving higher in the pre-market. Possibly to stimulate more trading volumes?
Let's see if shares keep flying or if this slows them down. Many analysts have been changing their targets almost daily on the whole energy sector. From what I've seen many of those updated calls for CLR are actually near or below where the stock closed near $46. Oil is down pretty good in the pre-market so far so let's see what happens today. I would love to see a pullback to near $40 to get back in near where I sold recently.
I was wondering why they were still paying even a penny dividend they cannot be worried about funds buying shares when they are under a buck. It should save them some money but there are not that many shares so it's not a big amount I would guess. Stock up .0048 wewhu!
Ends up $1.15 (2.58%) in a near down 300 points pretty amazing. This is about the only energy stock acting like this lately (not even CVX, XOM, drillers, etc.). This will pull back when everyone is expecting it to go up each day which is probably close. Traders still have time to play with CLR since it is weeks before earnings but I would imagine since oil has really not moved too far from the recent low, CLR was not hedged I am guessing this quarter will be a half a disaster. I would guess they shoot for $50 soon then it may hit the wall but who knows with any stock in this HFT driven market. The move from the recent $37 is impressive.
Not really the Dems...place the majority of the death of coal squarely on the shoulders of Obama and his belief of having an EPA with a relentless war on coal and he has won it would appear since there are so many companies on the verge. Of course China has played a role.
I agree that this took a bigger hit than most but a big part of the hit was due to them removing their hedges. Combine that with the oil price drop I can't imagine they will report stellar numbers in February. Like I said if this is hot money it will start to leave before they release their earnings the momentum guys usually leave a trail of bag holders when their work is done but they still have a few weeks to play.
First SNDK then STX now MSFT their earnings keep knocking MU back from moving higher. MU did a nice job closing on the high today so I guess there will be another pullback to get over early tomorrow and of course the predictable lower market open like we have each day lately.
The problem is nobody wants coal products especially with this EPA around for two more years.
Something is keeping this up each day possibly shorts covering but if this is just hot money moving this straight up it will leave also very quickly. Either way this is wild it's like you close your eyes and buy at any price it's too easy.