Post by
iwpete on Nov 26, 2014 2:11pm
LRE not best short anymore
I'm going to stay long my 200 shares of LRE and get ready to buy more.
WCP much better short here. Downside risk for LRE is about $2.00 -2.25, for WCP the downside risk is between $6.00 - $7.00. Same goes for POU downside to $22 -24. SGY to $3, AAV to $3, SU to $27, TOG to $7.
Saudi Arabia's oil minister Ali al-Naimi proclaimed "no one should cut production and the market will stabilize itself," adding rather ominously (for the US economy and HY default rates), "Why should Saudi Arabia cut? The US is a big producer too now. Should they cut?"
the HY stands for HIgh Yield debt, that's what the US shale industry is funded by..... kinda reminds you of the morgage debt (to people on welfare who were allowed to buy houses) that was rolled into Asset Backed Securities that were sold all over the world and caused the 2008-9 crash.
PS. don't buy drillers
Comment by
polarpeak on Nov 26, 2014 3:56pm
200 Shares!? Grow a pair haha these $5000 a day swings are fun!
Comment by
iwpete on Nov 26, 2014 4:00pm
I like to sleep at night. Besides I got new hobbies to throw my money at.
Comment by
99999gold on Nov 26, 2014 4:02pm
200 shares?! I thought that was a typo for a second and you meant 20,000 or 2000 even. How do you make money? laughable
Comment by
iwpete on Nov 26, 2014 4:14pm
I've been working at Kearl for the last three and a half years.