The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Guys, you have to think differently. When it was all well , most of you could not see it dropping below 3.00 again. We traders sold because the market is overbought. Now the big guys are spinning the negative rhetoric because they want you to sell. This could drop further after earnings (265), but dont be afraid, this will go back up. The rule is not to buy above 3.10.
NewKOTB - The big guys are heavily invested in silver and can pull the carpet under your feet in no time, I bought at 24.50 with the view of selling at 28 as a quick trade, let s see how it goes, my SL is at 27.5 if things go sour.
Here is a reminder about Jim Cramer and HFs shorting tactics - the true face of Wall Street.
https://digg.com/video/back-in-2006-jim-cramer-candidly-revealed-the-tricks-short-sellers-use-to-drive-market-prices-down
Chevron (NYSE:CVX): Q4 Non-GAAP EPS of -$0.01 misses by $0.10; GAAP EPS of -$0.33 misses by $0.40.
Revenue of $25.25B (-30.5% Y/Y) misses by $720M.
Net oil-equivalent production of 3,277 Mboe/day compared to estimate of 3,148 Mboe/day.
Down in before market
Chevron (NYSE:CVX): Q4 Non-GAAP EPS of -$0.01 misses by $0.10; GAAP EPS of -$0.33 misses by $0.40.
Revenue of $25.25B (-30.5% Y/Y) misses by $720M.
Net oil-equivalent production of 3,277 Mboe/day compared to estimate of 3,148 Mb
Chevron down in before hours
Some traders use leverage to buy shares, as the market was down , some traders may have to close at a loss if they cannot reinforce their financial positions at the end of the month, putting more pressure on the stock market . I will start buying at 271, maybe 265 is too far down, who knows. I am better off buying now anyway. We should see Chevron's results today as well .