i'm not that smart. most of the money to be made on the downside has already been made. downside is short term bet where reward does not justify risk imo. best to be neutral now and develop strategy for going long.
first ask yourself how would u feel if UCO went to 3's. if you would feel sick and panic, then sell now. personally i took modest loss from 9's to 8's and am waiting for panic selling to make substantial investment.
the long term trendline has not held, support is now the 2008-09 lows
There will be panic selling. It may go down as much as 50% in a week, then double the following week, then down again but not to a new low, then up and down while it establishes base. If we mimic the Dec 2008- March 2009 timeframe we may momentarily (ie for one day only) see the 3's, quickly bounce to the 6;s, drop to the 4s and gradually climb to 9's. Price history is available on eia dot gov website.
trying to get it to the moon overnight. Buyout now is very remote possibility. But STXS represents extraordinary value compared to others (price/sales less than 1, others are between 4 and 7). Once growth gains traction and once profitable it will garner attention and today's prices will look like a gift. Curiously they may show a profit this quarter - not from operations but from valuation of warrant liabiility (decreased liabiilty (as result of lower stock price) increases profit or decreases loss.)
unfilled gap at twice current price. a lot of investor skepticism about whether they have marketable product. Today they signed agreement with distributor that markets to the electric utilities
thanks. while possible traditional spring summer runup is possible I think they will ultimately need more financing and that gap in the 1.50s will be filled. at that time i will be a buyer
u and boone are on same side, both saying "wait". it would be easier for him to pump (pun intended) in support of his energy positions but he isnt.
Rigs mean a lot. They are sign of future US production. Inventory can grow but when there is indication future production will shrink considerably, oil prices will turn.
I was early and exited with losses a while ago. looking at reentry in the 5s. t boone pickens thinks oil will bottom before rig count does. he's using baker hughes oil and gas rig count as indicator - he thinks count of 1400-1500 will signal oil bottom count is currently in the 1600s
"Sell on the news" may provide buying opportunity. It rose going into earnings which were pretty good and then fell when they were actually released, Insiders that were selling in the 7's and 8's recently bought in the 5's.
could you elaborate? specifically comments about inventory (how does it translate to profit) and FDA approval in Dec (how does it translate into revenues - perhaps a bit of last minute orders but there is lag between orders and revenues)
$5's possible within next month or two - should be time to back up truck. inventory will still be increasing but rigs will still be dropping look for combined oil and rig count between 1400 and 1500 - T Boone P. says that will be bottom for oil price