I wonder if it's too early to play AMD. 70% down from it's 52 week high.
Weeeee look at oil go, poor stock market
- Thread starter myminitrading
- Start date
I wonder if it's too early to play AMD. 70% down from it's 52 week high.
up over 2 a barrel and the dow is holding onto gains, amazing.
GDP was a bit better than what they expected so I guess oil going up $2 a barrel is fine.
Gas near me is now $2.95 should be at $3.00+ by tomorrow or this weekend. Nothing like $3.00 for a gallon. Im still waiting for 40 a barrel....
GDP was a bit better than what they expected so I guess oil going up $2 a barrel is fine.
Gas near me is now $2.95 should be at $3.00+ by tomorrow or this weekend. Nothing like $3.00 for a gallon. Im still waiting for 40 a barrel....
I thought the same thing, I bought SMH today to get a little long on the semis, but will probably sell the position if SMH starts to break down, which is certainly possible, its been trading in the same 2-3 point range for nearly the last year. AMD, I wouldnt really bother with, it could easily see single digits. I bought this back in the 30's and sold out for a slight profit, glad I did. If anything WAIT for earnings from INTC and AMD. TXN is falling apart as well.
The risk there is if INTC reports even halfway decent numbers, it should lift the semis, including AMD.
AMD in the single digits...wow...it's entirely possible.
Quote from S2007S:
up over 2 a barrel and the dow is holding onto gains, amazing.
GDP was a bit better than what they expected so I guess oil going up $2 a barrel is fine.
Gas near me is now $2.95 should be at $3.00+ by tomorrow or this weekend. Nothing like $3.00 for a gallon. Im still waiting for 40 a barrel....
Did you see those hard rebounds in the Dow before it capitulated and went under?
Quote from blast19:
Whoever was calling for a reversal on VLO yesterday pissed me off...was going to post to him that a $1 trading range isn't a reversal but I figured I'd have about 2 nice words to say and the rest would be expletives. Wish I had held it longer but impatience rules my day.
Is this the quote from yesterday that you are looking for?
"VALERO is loosing its MoJo.
Big reversal bar in the making."
Notice that the poster stated that it was in the making.
Had VLO taken out the previous day's low at 63.86 this would have been true, a reversal bar would have been put in, technically speaking.
As it was, the low yesterday was 63.90
Missed it by a whole 4 cents!
Close, but no cigar.
Quote from S2007S:
they are going to cut rates....aren't they???
For sure! just listen to the bond market hehehehehe wink wink
Quote from S2007S:
up over 2 a barrel and the dow is holding onto gains, amazing.
GDP was a bit better than what they expected so I guess oil going up $2 a barrel is fine.
Gas near me is now $2.95 should be at $3.00+ by tomorrow or this weekend. Nothing like $3.00 for a gallon. Im still waiting for 40 a barrel....
Its coming just like the financial media said it would last fall, I always take their advise their real smart. I always sell at the bottom and buy at the top when I listen to them.
the reason being given today for crude oil spike is the usual Iran and now Nigerian politics (death of opposition leader)
I think this hype is being cranked up for obvious reasons and when it stops we may see a sizable drop in crude. These reasons are not sustainable for long IMHO
i follow crude from time to time on my blog:
http://lauristonletter.blogspot.com/
I think this hype is being cranked up for obvious reasons and when it stops we may see a sizable drop in crude. These reasons are not sustainable for long IMHO
i follow crude from time to time on my blog:
http://lauristonletter.blogspot.com/