...out of the penalty box on that one; I've granted myself immunity !
Luc;
First of all; I have no problen with anything anyone wants to say here, be it Bull or Bear. Nor do I anticipate responding to opposing points of view in the future. It is not your opposing view that I have a problem with; it's your entirely clueless remarks and even more than the mere remarks, it is the cavalier way in which you just shoot from the hip... Never have I seen someone who is supposed to be credible; spew out so much total jibberish to such a warm reception...hence I can not resist a response;
First; no volume ? ...per the earlier post on Monday's volume and also tuesday's & today's -- please show me a move of more significant volume in the patch in recent history -- be specific; because as usual I've done my homework. If this past 72 hours doesn't compare with any recovery of the recent past - please post some #'s... We've blown through the volume levels and to the 52 week low's of the big name players like DO, NE, FLC, TDW,EVI,BHI,GLM ... I can only assume that you are ''shooting from the hip'' again; as you're not posting any numbers or documentation to support your views.
Secondly; you acted today as if I pulled my comments directed toward your bearishness on the overall market & the oilpatch out of the air... You even said and I quote;
''Who is this Slider a??hole?? I recieved this below on another thread from him? I have no idea what he is talking about? ''
***what I was talking about was this:
''A fall back to 8600 should be the intial target and after a small rally that fails, we should see a further fall to 7500 where we should base till Oct, then......... BYE BYE! (all the while interest rates should continue to rise and the dollar fall... while Au coincidently rises :)
-Lucretius ''
***and this:
''If you're thinking of picking up bargains here in the drillers. I'd wait. Like I said a couple of weeks ago, estimates STILL have to come down and these stocks are going lower in the meantime. ''
...nothing like timing!
***Hey; lets also make sure we don't get the facts mixed up with ''guesses'' ...like this:
''I'm obviously guessing, but I'd say '97 lows. Price and vol action though could signal it any where near those levels. IMHO''
***However; why would YOU even bother guessing when YOU have ''INSIDE INFORMATION'' like this:
''because I don't currently own any drillers. I just pop in when I hear something that I think will help out the "old guys". Nothing against you and NOT that you did any of that, I just don't want to argue about ** ''something that I have knowledge of and know is a fact.'' ** No reason for me to dispute it w/ you cause I don't care if you believe me or not. ** ''Just sharing what I know! '' ** Take it or shove it. All the same to me.''
......I'm totally embarrassed for you on this one; ''1997 lows'' - have you even pulled up a damn chart and checked what the 1997 lows were on ANY of these stocks; or are you just pulling these out of your ass & ''guessing'' again ? - this statement without any fundamental basis is ''lucretiously- ludicrous''. Many of these stocks are near or even under their 1997 lows all ready like BHI, NBR, TDW,GLM... but even more important is the fact that with the dynamic acquisition and consolidation that we've seen in the patch; let alone the newbuild activity in the deepwater drillers like your oft' mentioned NE - these are not even the same companies capacity/rig-wise that they were in 1997; the comparisons are so ''apples to oranges'' on companies like that, that if they are even within ''shoutin'' range of their 1997 lows you should be loadin that ''Taurus'' up !
***but then again; if you really believe that gobbledygook you're spewing like this - (the ultimate gloom & doom prediction !) you had better be building a bunker & hoarding some survival supplies... Seriously, how in the hell can anyone take anything you ever say again seriously, after this remark today ! -
''start getting worried! I think the blow-off top could occur at any time. Fri after everyone gets a look at MSFT the night before and the NASDAQ just closes over 2000 would be a logical place to start. Maybe we continue till next week.. who knows, but I think it will end by the end of the month for sure. When it starts it should selloff back to 8600 bounce nicely to 9000 and then turn south again for 7500. We should sit there until Oct where this mkt will decide whether it is over and we plunge back to the L-T trend line around 4000 or we base for a year and start a new bull.''
*** - what worries me is when someone asks your opinion on how low the drillers can go ? That's like asking Pee Wee Herman to design a strength training program for the Dallas Cowboys - clueless...
*** Dow 4000 huh; and a big 'ole glacier is gonna slide on down over the northern US & an asteroid is gonna take Texas off the map...What have you been smokin Luc ?... and the fact that your buddies BW,DiamondH,MikeS & MichaelH came to your rescue endorses the old concept that ''birds of a feather - flock together'' ...it was ''flock'' together wasn't it ? Boy, I sure wanna be going to 'ole Luc for my advice on how low they are gonna go.... damn; Luc - just cover all your bases here; predict they are going to go to Zero ! - be a real Bear... |
