01/26/09 Trading Week
- Thread starter dawgball
- Start date
Jason
Wondering if you read Denninger's blog and if so what you think about most recent post.
http://market-ticker.denninger.net/
The entry is entitled Bad (United States) Bank (FDIC/Treasury)
Seems as if he is calling for a large rally followed by an even larger crash. Of course he is always doom and gloom. Roubini has nothing on this guy.
Wondering if you read Denninger's blog and if so what you think about most recent post.
http://market-ticker.denninger.net/
The entry is entitled Bad (United States) Bank (FDIC/Treasury)
Seems as if he is calling for a large rally followed by an even larger crash. Of course he is always doom and gloom. Roubini has nothing on this guy.
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
My business partner jumped on FAS two days ago.
It is a triple long financial etf.
http://finance.yahoo.com/q?s=fas
I still don't "get" how the doubles and triples really work.
It is a triple long financial etf.
http://finance.yahoo.com/q?s=fas
I still don't "get" how the doubles and triples really work.
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
cbai already doubled and tripled for some of us that got in a few days back.
still not convinced it's not a scam stock.
actc leveled after the stem cell sell off a few days back. nice to see it's the only stock up in that sector today as others have faltered.....long term hold for me unless it hits a couple bucks anyway....
gl
still not convinced it's not a scam stock.
actc leveled after the stem cell sell off a few days back. nice to see it's the only stock up in that sector today as others have faltered.....long term hold for me unless it hits a couple bucks anyway....
gl
:mj07:
It reminds me of Triple Play video poker. ....Of course Triple wasn't enough of a crack rush for us gambling addicts, so they innevitably came up with 5 Play, 10 Play, 50 Play and of course 100 Play.
...I'm just waiting for the 100X long stocks to appear. Then I become a real player.
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
one of the main reasons for the tracking error (not really related to your question
) is that everything is based on the contracts 6 months out. The growth has to outpace what the contracts are valued at when purchased to go up/down.Very strange, but this needs to be understood by anyone buying DXO.
one of the main reasons for the tracking error (not really related to your question
Very strange, but this needs to be understood by anyone buying DXO.
I'm beginning to wonder if there is a middle by owning DXO and DTO.
If you put $1000 on each when the funds started last summer, you would be way up.
1000 on DXO would leave you with about $50 now.
1000 on DTO would leave you about $7000 now.
Obviously, it's been very one-sided. But these days when both are up slightly really makes me wonder if there is something to this strategy.
YTD 1000 on DTO would be about $1400 now
1000 on DXO would be about $840.
....Can'[t be this easy can it? What am I missing with this logic?
- Feb 12, 2000
- 10,652
- 39
- 48
- 50
I think we are in a pretty consistent channel right now. I believe I am going to start going selling all DXO at 2.95, then buying it back at 2.55 for about a 15% gain each time.
I'll be doing this with approximately 50% of my trading portfolio, so it would be an approximately 7-8% portfolio gain each time it works out.
Thoughts?
I'll be doing this with approximately 50% of my trading portfolio, so it would be an approximately 7-8% portfolio gain each time it works out.
Thoughts?
gern, astm, actc, stem all open strong.....most from huge afterhours gains from yesterday spilling over
no idea what the day will bring
i think cbai is a pump and dump scam...i'm out of it at a double up.....gl with that one jack
no idea what the day will bring
i think cbai is a pump and dump scam...i'm out of it at a double up.....gl with that one jack
Exxon Mobil shatters US record for annual profit breaking its own record with $45.2 billion profit
HOUSTON ? Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago.
The previous record for annual profit was $40.6 billion, which the world's largest publicly traded oil company set in 2007.
The extraordinary full-year profit wasn't a surprise given crude's triple-digit price for much of 2008, peaking near an unheard of $150 a barrel in July. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis.
In the fourth quarter alone crude tumbled 60 percent, prompting spending and job cuts in an industry that was reporting robust, often record, profits as recently as last summer.
With piles of cash and diversified operations, the majors like Exxon Mobil have fared better than many smaller oil and gas companies, but Friday's results show no one is completely insulated from the ongoing malaise.
Irving, Texas-based Exxon said net income slid sharply to $7.8 billion, or $1.55 a share, in the October-December period. That compared with $11.7 billion, or $2.13 a share, in the same period a year ago, when Exxon set a U.S. record for quarterly profit. It has since topped that mark twice, first in last year's second quarter and then with earnings of $14.83 billion in the third quarter.
Revenue in the most-recent quarter fell 27 percent to $84.7 billion.
Both the per-share and revenue results topped Wall Street forecasts. On average, analysts expected the company to earn $1.45 a share in the latest quarter on revenue of $69.1 billion, according to Thomson Reuters.
Shares rose $1.26 to $78.26 in premarket trading.
The nation's second largest oil company, Chevron Corp., reported profits of $4.9 billion for the fourth quarter, though revenues slid 26 percent with oil prices in sharp decline.
It earned $2.44 per share in the three months ended Dec. 31. Like Exxon, Chevron easily beat expectations of analysts, who were looking for profits of $1.81 per share.
The industry went into retrenchment toward the end of the year with demand falling.
As expected, Exxon Mobil's bottom line took a beating from its exploration and production, or upstream, arm, where net income fell 31 percent to $5.6 billion. The culprit: lower crude prices, which the company said decreased earnings by $3.2 billion in the fourth quarter alone.
The company, which produces about 3 percent of the world's oil, said overall output fell 3 percent in the most-recent period, a troubling trend in previous quarters. Exxon, which generates more than two-thirds of its earnings from oil and gas production, said production-sharing contracts and OPEC quotas contributed to its lower output.
Results were better at its refining and marketing unit, where earnings rose 6 percent to $2.4 billion as higher margins overcame costs related to last summer's hurricanes and other factors.
The company's chemical division also took a hit, posting net income of $155 million versus $1.1 billion a year ago. Results were hurt by lower volumes and margins and hurricane-repair costs.
Exxon Mobil said it bought 119 million shares of its common stock in the quarter at a cost of $8.8 billion. Roughly $8 billion of that amount was dedicated to reducing the number of shares outstanding; the balance was used to offset shares issued as part of the company's benefit plans.
Exxon said it spent $26.1 billion on capital and exploration projects last year, up 25 percent from 2007. Its earnings release provided no information about its planned spending for 2009.
For the full year, Exxon Mobil's massive profit amounted to $8.69 a share, versus $7.28 a share a year ago.
HOUSTON ? Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago.
The previous record for annual profit was $40.6 billion, which the world's largest publicly traded oil company set in 2007.
The extraordinary full-year profit wasn't a surprise given crude's triple-digit price for much of 2008, peaking near an unheard of $150 a barrel in July. Since then, however, prices have fallen roughly 70 percent amid a deepening global economic crisis.
In the fourth quarter alone crude tumbled 60 percent, prompting spending and job cuts in an industry that was reporting robust, often record, profits as recently as last summer.
With piles of cash and diversified operations, the majors like Exxon Mobil have fared better than many smaller oil and gas companies, but Friday's results show no one is completely insulated from the ongoing malaise.
Irving, Texas-based Exxon said net income slid sharply to $7.8 billion, or $1.55 a share, in the October-December period. That compared with $11.7 billion, or $2.13 a share, in the same period a year ago, when Exxon set a U.S. record for quarterly profit. It has since topped that mark twice, first in last year's second quarter and then with earnings of $14.83 billion in the third quarter.
Revenue in the most-recent quarter fell 27 percent to $84.7 billion.
Both the per-share and revenue results topped Wall Street forecasts. On average, analysts expected the company to earn $1.45 a share in the latest quarter on revenue of $69.1 billion, according to Thomson Reuters.
Shares rose $1.26 to $78.26 in premarket trading.
The nation's second largest oil company, Chevron Corp., reported profits of $4.9 billion for the fourth quarter, though revenues slid 26 percent with oil prices in sharp decline.
It earned $2.44 per share in the three months ended Dec. 31. Like Exxon, Chevron easily beat expectations of analysts, who were looking for profits of $1.81 per share.
The industry went into retrenchment toward the end of the year with demand falling.
As expected, Exxon Mobil's bottom line took a beating from its exploration and production, or upstream, arm, where net income fell 31 percent to $5.6 billion. The culprit: lower crude prices, which the company said decreased earnings by $3.2 billion in the fourth quarter alone.
The company, which produces about 3 percent of the world's oil, said overall output fell 3 percent in the most-recent period, a troubling trend in previous quarters. Exxon, which generates more than two-thirds of its earnings from oil and gas production, said production-sharing contracts and OPEC quotas contributed to its lower output.
Results were better at its refining and marketing unit, where earnings rose 6 percent to $2.4 billion as higher margins overcame costs related to last summer's hurricanes and other factors.
The company's chemical division also took a hit, posting net income of $155 million versus $1.1 billion a year ago. Results were hurt by lower volumes and margins and hurricane-repair costs.
Exxon Mobil said it bought 119 million shares of its common stock in the quarter at a cost of $8.8 billion. Roughly $8 billion of that amount was dedicated to reducing the number of shares outstanding; the balance was used to offset shares issued as part of the company's benefit plans.
Exxon said it spent $26.1 billion on capital and exploration projects last year, up 25 percent from 2007. Its earnings release provided no information about its planned spending for 2009.
For the full year, Exxon Mobil's massive profit amounted to $8.69 a share, versus $7.28 a share a year ago.
