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Futuristic Eskimo

Futuristic Eskimo

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Domingo Halliburton said:
So WTI couldn't possibly fall below 50 could it? ....i can't believe I'm even saying that
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It could short term because this sell off has become very psychological. A few more days with some bad news and it could continue on its downward path. I just don't feel like the fundamentals support such a collapse. Is the global supply and demand picture that much different than it was 3 months ago? Don't listen to me though, I've been off on this one for the past few weeks.

Going to open a position in EOG sometime soon and then maybe take a gamble on one of the highly leveraged producers I used to own. My baby OAS is down like 80% off their 52 week high:mjcry:

Edit: Is anyone talking about banks getting out of commodities as being one of the drivers behind this collapse? Usually they would step in and add stability to the markets. Seems like its a free for all in fixed income and commodities these days. Remember that huge move on the 10 year a month or two back? You never saw shyt like that happening with no significant market news.
 
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Domingo Halliburton

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Futuristic Eskimo said:
It could short term because this sell off has become very psychological. A few more days with some bad news and it could continue on its downward path. I just don't feel like the fundamentals support such a collapse. Is the global supply and demand picture that much different than it was 3 months ago? Don't listen to me though, I've been off on this one for the past few weeks.

Going to open a position in EOG sometime soon and then maybe take a gamble on one of the highly leveraged producers I used to own. My baby OAS is down like 80% off their 52 week high:mjcry:

Edit: Is anyone talking about banks getting out of commodities as being one of the drivers behind this collapse? Usually they would step in and add stability to the markets. Seems like its a free for all in fixed income and commodities these days. Remember that huge move on the 10 year a month or two back? You never saw shyt like that happening with no significant market news.
Click to expand...

The last part is a good question is it hurting liquidity?
 
Futuristic Eskimo

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Asantehene said:
it's hilarious. i have no idea what research analysts are paid to do.
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On the sell-side? This...

Ten banks fined $43.5 million over Toys 'R' Us IPO conflicts

Banks allegedly allowed their equity research analysts to solicit investment banking business and offer favorable research coverage.


Ten banks have agreed to pay $43.5 million to settle allegations that they allowed their equity research analysts to solicit investment banking business and offer favorable research coverage to Toys ‘R’ Us when the toy retailer was planning an initial public offering in 2010.

The Financial Industry Regulatory Authority’s has levied fines ranging from $2.5 million to $5 million in the case. It is deemed a conflict of interest when banks use research analysts, or the promise of offering favorable research, to win investment banking business.

“The firms’ rush to assure the issuer and its sponsors that research was in synch with the pitch being made by their investment bankers caused them to overstep the prohibitions against analyst solicitation and the promise of favorable research,” said Brad Bennett, chief of enforcement at Finra.


In the documents supporting Finra’s fines, some colorful details emerged about the internal conversations between the research analysts and the investment bankers.

One analyst at Citigroup reportedly said “I so want the bank to get this deal!” after the analyst and investment bankers discussed the bank’s planned pitch to Toys ‘R’ Us. A Barclays analyst, meanwhile, wondered if the bank lost the business to, among other things, his “fumble,” Finra said. Toys ‘R’ Us did not award Barclays a leading underwriting position, and the bank declined to participate in the IPO.

The banks that were fined were the following: Barclays, Citigroup C 0.07% , Credit Suisse, Goldman Sachs GS 0.80% , J.P. Morgan JPM 0.76% , Deutsche Bank, Bank of America’s BAC 0.52% Merrill Lynch, Morgan Stanley MS 0.03% , Wells Fargo WFC 0.31% , and Needham & Co. In settling the matter, all of the firms neither admitted nor denied the charges, but consented to Finra’s findings.

The deal that the banks were looking to jump on never materialized. Toys ‘R’ Us ultimately decided to withdraw its IPO in 2013, almost three years after initially filing plans to go public, citing unfavorable market conditions and a CEO change.
 
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11 December 2014 Last updated at 18:57 ET
Brazil company executives charged in Petrobras scandal
Prosecutor Deltan Dallagnol says that companies which won contracts would include illicit surcharges of between one and six per cent of the deal.
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Brazilian prosecutors have charged executives from six of the country's largest construction firms in connection with a corruption scandal at the state-run oil company, Petrobras.

The 22 executives and 13 others are accused of forming a cartel and channelling kickbacks into a Petrobras scheme to pay politicians.

They were also charged with money-laundering and organised crime.

If they are convicted, the accused face more than 20 years in jail.

President Dilma Rousseff who served as chair of the Petrobras board for seven years has denied any knowledge of the corruption scheme.

"These people stole the pride of the Brazilian people," said Brazil's top prosecutor Rodrigo Janot at a press conference.

"This is the start of the investigation we have a long way to go." he said.

Brazil's prosecutor-general Rodrigo Janot promised a "calm, balance, but firm and thorough investigation"
The executives were accused of forming a "club" to rotate contracts with Petrobras and cream off cash for politicians to look the other way.

The bribery scheme funnelled money to dozens of politicians from several parties including President Rousseff's ruling Worker's Party.

The scandal broke nine months ago after the arrest of Paulo Roberto Costa, a former Petrobras director of supplies.

Mr Costa has been giving police and prosecutors information in return for the prospects of a lower jail sentence.

Prosecutors hope to recover millions of dollars from companies involved in the bribery scheme and executives from other engineering firms could face charges.

Correspondents say the case is expected to implicate dozens of politicians.

http://www.bbc.com/news/world-latin-america-30442790
 
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up 29% now, will probably be 40% by the open. never fails :mjcry:
I'm always on the sideline

*patience*
 
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Domingo Halliburton

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Asantehene said:
@Brady Hoke's Artery

http://www.reuters.com/article/2014/12/12/spainsrepsol-brief-idUSL6N0TW09D20141212

n">Dec 12 (Reuters) - Spain's Repsol

* Is finalising an around 4 billion euro bid for Canada's Talisman - newspaper Expansion

* Citing financial sources, Expansion says bid could be around C$6 per share, that is C$6.0 billion (4.20 billion euros)


Hold tight breh. $6 CAD would be a nice 40% premium to yesterdays closing price. Up 12% premarket...market is skeptical i guess
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God damn Carl icahn does not lose
 
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72ap.png


My prediction for CBS in the next 6 months.

Currently, in an Ascending Triangle pattern that is very very short term it will gravitate to $56 a share in time for next earnings release. The market will go down into the new year so itll stay around $52 but from Jan to Feb it will go up to $56. If the news is great...it will shoot higher and break the long term downward trend that it is in and probably head up into the high 50s and head back down. If it goes past theres no ceiling.

I think the results will be okay at whats expected or worse however. If this is the case...look for it to continue its downward trend and head from $56 down to $44 over the course of 2015. A zealous prediction it is ...but I've been following this stock for a long time and how it moves. I think that 44 is the bottom.

the 52 week high and HEAD = $68.
The neckline was $56

the head minus neckline = $12

12 dollars below the neckline is $44. If you look at the picture...i didnt put in numbers but it looks like the lower end of that channel...the next support level of the pattern will be around $44 dollars as well.

All of this shyt is meaningless...but nonetheless :drool:

I've been calling for this shyt to hit $44 for months now. It was close when it hit 48 but now i know why it didnt go any lower...

I was right with LVS hitting $55 depsite all the bounces it did to the mid 60s. I was right about VRX heading down...and then even back up. Knew that Dean Foods was undervalued and even WFM. I have been right about the SPY quite a bit lately. :ehh:Dont know if I posted it here but I said it'd hit 208-210 to finish the year and when it did I told my homie itll go down to 201-200 before Jan. 1. Let's see if I can call this one too :lupe:. I'm ready to head back in the game for 2015 regardless :demonic:
 
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