Domingo Halliburton
Handmade in USA
and the spoos go red. futures lost over 33 handles today from their highs
Boiler Room: The Official Stock Market Discussion
Domingo Halliburton
Handmade in USA
this is just notional amounts but the 25 biggest banks have over $300 trillion in derivatives
edit: i'll try to find a bigger chart
edit: i'll try to find a bigger chart
absolutely. complete BS
ADevilYouKhow
Rhyme Reason
pretty sure they make it up as they go
$58 oil WTI
Market doesn't really know how to react to the drop. My energy stock closed 4 cents higher today than it did when WTI was at $63. There was a predictable correlation between the price of WTI and the stock until the recent collapse in prices.
I will say this... USO has been religiously trading between 37 and 38% of West Texas Intermediate for some time now, so if you find a moment where it's trading outside of that airtight zone... exploit it
Market doesn't really know how to react to the drop. My energy stock closed 4 cents higher today than it did when WTI was at $63. There was a predictable correlation between the price of WTI and the stock until the recent collapse in prices.
I will say this... USO has been religiously trading between 37 and 38% of West Texas Intermediate for some time now, so if you find a moment where it's trading outside of that airtight zone... exploit it
Last edited:
i have been noticing the bold as well. thats why when I was in XLE i was so mind blown...it was moving so irrati onally compared to the past :$58 oil WTI
Market doesn't really know how to react to the drop.My energy stock closed 4 cents higher today than it did when WTI was at $63. There was a predictable correlation between the price of WTI and the stock until the recent collapse in prices.
I will say this... USO has been religiously trading between 37 and 38% of West Texas Intermediate for some time now, so if you find a moment where it's trading outside of that airtight zone... exploit it
Futuristic Eskimo
All Star
this is just notional amounts but the 25 biggest banks have over $300 trillion in derivatives
edit: i'll try to find a bigger chart
The opposite of irrational exuberance is currently taking place in the energy sector. Straight up panic.
The energy collapse has made me hate analysts so much more than before.
What credibility do you have when you issue a price target with no foresight to know oil will drop, then reduce the target commensurate with the oil price, even when some oil companies are hedged to the teeth?
Look at EPE price targets from Deutsche Bank...
2/26/14 Buy $23
7/18/14 Buy $24 --> $26
8/12/14 Buy $24 --> $25
11/10/14 Hold $22 --> $20
12/11/14 Hold $20 --> $14
These fukkers have zero fukking credibility.
And don't make me start pulling analyst price targets on IPOs that are worth nothing now.
it's hilarious. i have no idea what research analysts are paid to do.The opposite of irrational exuberance is currently taking place in the energy sector. Straight up panic.
The energy collapse has made me hate analysts so much more than before.
What credibility do you have when you issue a price target with no foresight to know oil will drop, then reduce the target commensurate with the oil price, even when some oil companies are hedged to the teeth?
Look at EPE price targets from Deutsche Bank...
2/26/14 Buy $23
7/18/14 Buy $24 --> $26
8/12/14 Buy $24 --> $25
11/10/14 Hold $22 --> $20
12/11/14 Hold $20 --> $14
These fukkers have zero fukking credibility.
And don't make me start pulling analyst price targets on IPOs that are worth nothing now.
They never have the foresight to lower prices. I've been following CBS and LVS for like 8 months now and not ONE analyst was intelligent to forsee them going down. But low and behold when it starts to lower....that price target dropps from 88 to 80. Then 80 to 75. Then 75 to 65.
Where's LVS sitting now in comparison to its $88 52 week high? $54
CBS? At 52 down from 68.
I'm convinced they dont do any real work, just attend conferences and ask executives questions. I havent even dug into why cause I aint putting money anywhere yet...but you mean to tell me none of these analysts were able to detect future problems in Macau/China as they pertain to the whole gambling sector?
Not only is LVS down but so are Wynn (40% down from its 52 week high and MGM). CZR on the verge of bankruptcy of course depsite that mockery they tried to pull with Apollo Asset Management and someother private equity firm. In a bull market they call the obvious, but once particular stocks or sectors head down relative to the market at large they are never ahead of the curve. It's even more insulting when you interview at some of these firms and they act so pretentious
shyt disgusts me.And don't make me start pulling analyst price targets on IPOs that are worth nothing now.
lApr-08-14 Initiated Stifel Buy $24
Apr-08-14 Initiated Canaccord Genuity Buy $25
Domingo Halliburton
Handmade in USA
Like I said...notional
Futuristic Eskimo
All Star
I expected it to be higher honestly. I had 450 trillion in my head for some reason.
Domingo Halliburton
Handmade in USA
I've seen all kinds of estimates. The notional is just what they use to make headlines. It doesn't matter til the HY energy bonds all go belly up in a couple months.
Domingo Halliburton
Handmade in USA
So WTI couldn't possibly fall below 50 could it? ....i can't believe I'm even saying that