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This chart continues to give me accurate signals on Amazon. Comparing Amazon bubble to bitcoin bubble.
Yes I know that,,, These are two very different assets. But what is not different is human psychology, greed and fear (really just fear - fearful of losing money or fearful of not making enough money). Yeah I could've picked a hundred other charts, but I chose bitcoin because I'm very familiar with that particular chart. This is the whole reason I chose to get in the stock market was because I wanted to play this Amazon chart.
That being said I suppose that, theoretically, Amazon might return and test some highs it has made over the last few weeks at which point I'll be looking to take profits or maybe short a tiny bit.
However, thats subject to change at any time. The pattern will work until it stops working for you. So far it's worked. Sooner or later it will stop working one has to assume.
The way I see it. News doesn't make the chart. The chart makes the news. The chart has the authority over the news cycle. (A more logical/complex way of looking at things for the rationally minded individual is insiders and higher ups already have insider info before news drops:) So don't look to the news for the answer look to the chart.
I don't think it's the time to buy just yet, but I do think the time is coming VERY SOON in my OPINION.
Here's what I see happening!
I see a possible reverse head and shoulders pattern forming. Does anyone see this pattern forming?
We already had the first shoulder, the low point of the head when it dipped down to 5-4.50 ... And now we are the high point of the 2nd shoulder.
If it dips down to about $6 or something, I'm definitely buying more, probably loading the boat atleast short term, because I see this as a reverse head and shoulders pattern
Please discuss! If that's what's happening, we have the opportunity to ride this one high.
Remember, this is just my opinion. I'm not a certified securities professional, and I'm not qualified to make a recommendation. I am not making a recommendation. Do your own DD.
<3
This oil stock doesn`t play games...
Just wait until oil hits 115 again. We are in for a wild ride. Well capitalized, banking off the oil, and slowing it down on the natural gas - which is too cheap anyways.
Trouble in Permean Basin :?
SandRidge Energy Raised To Buy From Accumulate By Tudor Pickering
I`ve never heard of these guys before. Any comments?
Glad to see they`re jumping aboard with us now.
Hmm what`s going on with this stock... Seems like the price has been levelling off for the last few hours. It`s just something I haven`t seen before.
While the MACD is looking a bit bearish still, the Stochastic studies are looking fine to me.
I`d watch that MACD for another bull run.
One of my stocks SUWN is jumping today in a BIG way. Most of you people definitely want to stay away from it though... It`s kind of a shady Chinese herbal sugar company 0_0 hahaha.
Remember, I`m not a certified securities professional, I do own Sd, i`m not making a recommendation.
Well Tirebiter quite a few years ago they took a major step away from natural gas into oil... I think that they`re continuing along that path, and that these pieces of the company that they`re selling off are quite valuable, but to a natural gas company. SD is so much of an oil play at this point - IMO.
I`m not expecting any great earnings reports in this year, if you watched the CEO on Mad Money he pretty much suggested this... However, I think this company is so solid and even undervalued a lot at this point.
Just my opinion good sir ! Thanks! Blessings!
Remember I`m not a certified securities professional, I do own SD, I`m not making a recommendation.
I have a feeling something major could be coming in the news pretty soon. Osama is on TV talking about budget cuts, etc... I wonder if this will effect the markets. I hope to see lots and lots of inflation pushing oil , silver, and gold up real high.
If I were you guys I would go ahead and fill up with oil now , and make sure you have lots of good clean water and food stocked up.
Someone trying to drive the stockk price down?
Recent Trades - Last 10 of 43893
Time ET Ex Price Change Volume
18:30:39 Z 12.04 -0.90 200
18:30:20 Z 12.11 -0.83 175
18:27:08 Z 12.14 -0.80 100
18:25:56 Z 12.13 -0.81 200
18:16:43 Z 12.10 -0.84 100
18:16:43 Z 12.10 -0.84 100
18:16:32 Z 12.11 -0.83 800
18:15:26 Z 12.11 -0.83 450
18:13:21 Z 12.11 -0.83 1,200
18:11:50 Z 12.10 -0.84 100
From stockwatch.com
If GS is taking profits, good for them. They`ve certainly made some bank off of oil.
The dollar is poised on collapse, natural disasters abound (Japan was 3rd largest economy. WAS.) , there is total unrest in the Middle East, AND to top it all off the 4 horsemen have been unleashed. If you are short on oil - or on this stock - I`m very sorry for you.
5 bilion market cap, and 1.5 billion in the bank...? Very nice Texas oil....? Looks very nice, very very nice to me :3
Keep in mind these are just my personal opinions. I am not qualified to make a recommendation on this stock. I am not making a recommendation on this stock. I am not a certified securities professional. I do own SD.
I`m selling somewhere above 20. Although, I might just sell at 18 or so, becuase I can always find a nice gold mine that can gain 50% pretty easily.
Both copper mines and um... Online gaming???
Sounds like a sorry company.
Could go higher.
Was a buy back at 1cent, but I`m not about to touch this company haha.
Yeah GMXR looks cool. It`s not the kind of big winner I`d be interested in, I don`t think though. GMXR looks like it had a reverse head and shoulder back in February. Very nice!
Shorting stocks is immoral, imho.
I don`t know what you gentlemen are speaking about. I don`t think BAC had a considerable loss in the last few weeks. Just yesterday the stock neared the bollinger band low, stochastics are bottoming out, I picked some up a couple days ago for 14.14. BAC could be a really big stock, and it looks like it is poised to lead the DOW higher.
Like I said, over the very short term the bollinger bands and the stochastics bottomed out at low 14. This number could be a temporary floor.
In the mean time, BAC was all over CNBC today and I can tell they are getting ready to pump this stock up big. They`re giving it the CNBC Pumparoo.
I hope BAC goes well for all my fellow shareholders going long on this with me.
SD isn`t due for a pullback... They keep pumping out more and more oil. The costs for their oil production are not going up, they are remaining flat. This is the stock I want to own for the inflationary crisis that is going to hit us.
Keep an eye out for the price of oil. Oil is going upwards in a huge storm, and it is becuase of the relentless printing and decline of the US Dollar. At this point, it is not about the chart of the US dollar. It is about the fact China and Russia are not trading in the US dollar at all anymore. It is about the fact India and Iran (which now is the president of OPEC) are calling for the dollar's removal - and are trading outside the dollar. It is about the fact France, supposedly our #1 ally, is not accepting the US dollar anymore - only gold.
$150 oil SOON, this year or NEXT, MASSIVE devaluation of the dollar coming. PIMCO, the world's largest bond fund, said that "the disorderly decline of the dollar can't be denied".
Keep in mind I`m not a certified securities professional, and I`m not qualified to make a recommendation. I am not making a recommendation. I do own SD. Do your own DD.
Tom Ward CEO on Mad Money with Cramer.
http://www.cnbc.com/id/15840232?video=3000007359&play=1
Turns out SD is really an oil play very much so. Ramping up oil productions.
But honestly... Their earnings suck...
Why is the stock doing so well??
This stock is a good one that will definitely double, IMO. Oil entering a huge hyperinflationary bull market. I`m waiting for earnings , I hope this stock goes down big time so I can buuy some more. Because it`s pretty obvious this stock is going up huge in the long term.
I seem to have a different opinion. Perhaps I`m wrong, but this is how I personally have always understood the story.
The company is now effectively an oil company. They just have a tiny bit of natural gas to sustain themselves, but they`re getting rid of it and converting to oil in a big way.
This company is very undervalued to an oil company. It would be accurately priced if it was a gas company. Gas is in a poor market, but oil is not.
The company has an average amount of debt on their shoulders, but they have a LOT more capital in the investment bank with who... Raymond James and somebody else. Was it JP Morgan? Oh well doesn`t matter.
The company is increasing oil DRAMATICALLY. 300% increase in one year, and a projected 50% oil increase this year.
It`s a small guess that they are running some very expensive drill rigs, BUT the drill rigs are operated by an excellent team. That`s what I discovered in my DD.
The CEO is real legit. He`s on the Forbes top 400, maybe like 250 or something.
This is a really hot stock. An increase in the price of oil could send this stock into a strong uptrend, oh but wait it already is in one.
Keep in mind I DON`T want to try to promote this stock at all. This is my opinion only. I`m not a certified securities professional, and I`m not qualified to make a recommendation. I am not making a recommendation. You shouldn`t be listening to me at all.
What is with people? They NYSE parent company is about to combine with Germany and nobody`s saying ANYTHING. This has been all over the news.
Getting sloppy, gentlemen.
That sounds good, Catdaddyrt. Let us know if you come up with any interesting DD.
I have been to look for the Houston office a few months ago, but for the life of me I couldn`t find it and I looked so hard. I think google maps has misled me,... hehe...
MACD crossing to the upside :)
Watch the bollinger bands my friends.
This will help you become a better trader immensely.
Pull up a chart with the bollinger bands and notice how the price dipped below the bollinger band bottom a few days ago.
It is a trading rule of mine to not sell BELOW the bollinger band bottom, and to not buy ABOVER the bollinger band top.
As you can see, it would have been a smart trade to buy below the bollinger band bottom, you would be up a decent % already !
I do not believe in day trading THIS stock though. I am a long-term holder, and I`m quite amazed with this company. (at these levels).
GL to all longs
I`m not qualified to make a recommendation, nor am I making one. I am not a certified securities professional. I do own SD.
The bollinger bands holding strong. If it dips below them at 7.05 I think it could be a good time to buy - if the bolinger bands still holding strong.
Trades w/in bolinger bands 95%+ of the time.
GL all longs!!!
This stock is 100% owned by non - institutional traders. It is dead. Come over to a good stock message board. Thx skymark for the scam. Glad I sold @ .11 cents LOL
Moving averages pushed us up as now we are in a full blown definition of an uptrend
Volume looking real nice...
What`s your top stocks for 2011?
Every single day we have a burst of volume right at the end of trading day.
Options players looking for a big move in Sandridge Energy ...
SD is my #1 pick , I even have to put it above PMMEF (a gold explorer which I think could have +50% gains real quick)
Good luck all longs .
JPMorgan Says Crude Oil Price Will Reach $120 a Barrel Before End of 2012
http://www.bloomberg.com/news/2010-12-03/jpmorgan-says-crude-oil-price-will-reach-120-a-barrel-before-end-of-2012.html
Oil to Exceed $100 in 2011 as OPEC Spare Capacity Shrinks, Goldman Says
http://www.bloomberg.com/news/2010-12-14/oil-to-exceed-100-by-second-half-of-2011-as-demand-recovers-goldman-says.html
OPEC ministers say world can handle $100 oil
http://www.msnbc.msn.com/id/40811733/ns/business-stocks_and_economy/
...Well, thanks OPEC ministers !
My price target for SD with 100 - 120$ oil in 2011 is 15-25 dollar range. That would be a fair valuation of the company. I think natural gas prices might rise a little, but they`re not going anywhere. SD is an excellently priced oil company, I just wish we were moving higher on actual earnings. We will wait to see just how much oil production is going to increase in 2011.
We`re looking at +50% oil production which could get this stock moving fast. It`s held tightly by insiders and institutions (Smart Money)
Oil is a different story than natural gas, I think as more nations try to get out of the US dollar trade prices are going to rise dramatically. Russia and China already signed a MAJOR trade deal outside of the US dollar months ago. Soon other countries are going to follow suit and then we are in for heavy inflation that`s going to hurt the world reserve currency status.
Oil companies and especially gold miners are going to explode higher. Prepare and wait, coming soon to an America near you :)
Oh sorry about that, the loan to buy the Arena company.
Who financed Sandridge Energy and gave them the loan?
My friend is here and we`re discussing the company, I just can`t seem to do the DD at the moment because too much stuff going on.
TV Infomercials spending set to surge, says MSNBC .
http://www.msnbc.msn.com/id/40683474/ns/business-consumerman/
That still won`t ever make me invest a dime again in this pump-and-dump company. LOL
If you want to make back some of your money, maybe you could check out SD. Lots of institutional and insider buying.
Yes OPTI is getting oversold, and if it goes much lower I`m going to step in and take it over :)
RSI @ 23.55 . Monitoring...
Finally we pull back inside the bollinger bands. Put the brakes on! It`s been overdue ... Remember usually trades withing the bollinger bands 95% ++ of the time.
SD closes every day on a big volume spike . Any thoughts on this, gentlemen?
Wow SUWN opened at .25 cents with 20,000 shares traded. What happened?
I don`t think it will stick in my opinion.
Best of luck to all.
100+ million in the bank, paying off debts, oil production up dramatically... All we need is for oil to hit about 100$ and we`re looking at a home run. Good luck to all fellow shareholders!