Post by
rivermoney on Jun 10, 2015 9:46am
I smell good news coming soon.
Big buys this morning. UP 80
Comment by
wilwal on Jun 10, 2015 9:52am
I am sure we all want good news. Today, it is oil prices that is the good news. It is trading classically for a stock whose price is highly leveraged on the price of the underlying commodity. If you see a 2% oil price gain, then the stock gain should be a multiple of that. At the moment, it is almost 7%. That's how the stock will double if oil rallies over $70.