Stocks down again - especially oil related ones
I am mystified. HAL announced great results. They delivered $0.79 EPS vs $0.58 last year. Analysts expected $0.64.
They crushed earnings and all related stocks (CLB, FWLT, ATW, etc) are waaay down
Buy on the rumor, sell on the fact? I don't know. Something's wrong when great news doesn't move the market
They crushed earnings and all related stocks (CLB, FWLT, ATW, etc) are waaay down
Buy on the rumor, sell on the fact? I don't know. Something's wrong when great news doesn't move the market
posted by Andrew at
8:35 AM
6 Comments:
are you still bulling on TRID? Now I have 400 shares and my avg price is 20.00 ? What's you take? I have never seen you going wrong but with TRID it seems something is missing. I plan to hold on it till March 2008. I may add 100 more if it drops to 10.00. What's your take?
I think it’s not the retail investors who are selling the OIL stocks... it should be the big Funds. But why they are selling? and how long ? If you look at today’s session stocks from other sectors recovered from the day’s low but OIL stocks remained down.
G7 effect? but the $ will gain till Fed cut the rates and the oil will go up once they cut the rate ..If the China market crashes tomorrow that I think will explain the reason
It took a while to sync in, I guess. But, I am amazed that OIL related stocks lost almost 13% in just 2 days. Anyway, now, I think its trying to recover back. But, I am totally disappointed with TRID :(
OK …Oil services stocks are down because of Schlumberger ( crammer’s favorite) poor results. I think their CEO needs insurance now ..
http://www.bloomberg.com/apps/news?pid=20601087&sid=an9zuPAiJGGg&refer=home
TRID - There is no love for this stock. None. But I'll keep accumulating. You Pay $13 for $4 in cash and the rest is high growth sales.
If ZRAN can be given a buy recommendation, TRID should be a major buy.
I don't see $10. In fact, I'm adding some calls today.
Oil is getting hammered not because of Shlumberger. Every oil service/equipment company has been beating the numbers. Also, oil inventories are down.
NOV doubled profits and beat expectations, but they are down.
This is sector rotation, I'm thinking. Which means lock in profits and wait to buy in. Or just ride it out and add on the lows
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