RE:RE:sorrenson sorrenson wrote: oh gee.. Look how the day turned out .... all you little hens and your knitting circle were proven wrong
let me remind you of what I said that got you all clucking...
"Dont expect a jump tomorrow . A buck or two on the open then spiral back into the day to day grind"
in case you're confused Meg was only in the middle of the pack of all the oil. Next week when all the results are in you'll see it is probably the worst performer of the lot.
you do realize it that almost 6 million shares were sold by people who are obviously not impressed. Grow up children
Sugaree wrote: Cat got your tongue, clownboy??
You have a tempered look, instead of seeing through rosy coloured glasses- which gives you some balance, and that is important.
However, you are missing the point in that (as few others had alluded too), this is already up over 100% in the past 6 months alone.... so lot of the mispricing in the supply/demand for oil is already priced in, including their performance. Not suggesting it wouldn't go up to $40'range but I think we do see some retracement into the mid-to-high teens before we see next leg up. DYODD, this is not a financial advise, just my humble opinion.
You also made a point of 6 million people sold their shares today - which is accurate; however there were also 6 million buyers today as well. Perspective is important.
GLTA