Post by
retiredcf on Jul 27, 2023 8:07am
Target Raised
Crescent Point Energy Corp (CPG-T): Stifel raises target price to C$16 from C$15.25;
Comment by
Moemoney42 on Jul 27, 2023 9:42am
The balance of this week might allow the FOMO's to get in on the pending rally IMO.. ;-) So far this morning its worked in their favor.. but if the shorts need to cover if and when oil breaches $80 USD that window could close quickly..?
Comment by
Moemoney42 on Jul 27, 2023 10:53am
Well those shorts are being real bullies this AM..! LOL..
Comment by
Moemoney42 on Jul 27, 2023 1:05pm
I think its time to crush those shorts that are piling on today..!!!
Comment by
rusty777 on Jul 27, 2023 1:17pm
I agree. It's hard to understand how oil can be up almost $2.00 to over $80.00 and so many oils still being down - It would be nice to see those folks who are shorting (especially the naked shorts) get slammed for a change - I am SO done with this sector being so manipulated! GLTA (Longs that is) RUSTY
Comment by
Moemoney42 on Jul 27, 2023 2:00pm
I'm sure some of it could be stop loss raiding as some of the stop losses probably got moved up with yesterday's action..? That and the old sell the news and hopefully grab the high and buy back lower..?? Tomorrow will be interesting to see the action.. we might see the shorters cover late in the day..???
Comment by
Moemoney42 on Jul 27, 2023 2:14pm
Certainly unnerving for those without intestinal fortitude today.. but I'd say today is a test of commitment by the longs and this tree shaking is exactly that.. aside from a few blips, I think crude is set for a long term uptrend..? IMO
Comment by
mbuch on Jul 27, 2023 11:21am
Not once has the target been hit in the past few years they've been raising it. Will be manipulated back down to the 8-9 range soon guaranteed. Good time to sell if you have profits.