Jump to content

World Stock Markets Trading Discussion - Wilful wiggles


Recommended Posts

  • Replies 14
  • Created
  • Last Reply

Goldman downgraded oil.  Some people think that's a buy signal.  Not necessarily so.  Sometimes they're a good fade, sometimes not.

 

But who knows?  A year or so ago they predicted gold would dive and it did.  However, gold traders are more conspiracy minded & skeptical than most traders.  They are also simple minded enough to believe that the road to riches is as simple as "Just fade Goldman."  So anyone-- including GS-- could have predicted that when GS predicted gold would dive, that diehard gold traders would back up the truck & load up.  They did, and they lost their shirts.

Link to comment
Share on other sites

No obscene targets in that downgrade note? ;)

 

You have to weigh in Cramer fading Goldman:

http://video.cnbc.com/gallery/?video=3000324896

 

for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90.

 

 

http://in.reuters.com/article/2014/10/27/markets-oil-idINKBN0IG05820141027

 

This is like when a stock gets so far away from their target price that they just have to readjust it or risk looking even more stupid when the stock drops another 10%. It is not in the same class as the bbl @ 200 USD calls.

 

Zerocredors are buying hand over fist in the energy space (if articles and comments there are to be believed-big IF), just like they were buying double inverse financials after the 2009 bottom :lol:

Link to comment
Share on other sites

No obscene targets in that downgrade note? ;)

 

You have to weigh in Cramer fading Goldman:

http://video.cnbc.com/gallery/?video=3000324896

 

 

http://in.reuters.com/article/2014/10/27/markets-oil-idINKBN0IG05820141027

 

This is like when a stock gets so far away from their target price that they just have to readjust it or risk looking even more stupid when the stock drops another 10%. It is not in the same class as the bbl @ 200 USD calls.

 

Zerocredors are buying hand over fist in the energy space (if articles and comments there are to be believed-big IF), just like they were buying double inverse financials after the 2009 bottom :lol:

Oh no.  Cramer fading Goldman.  Where to turn? 

 

If only success in the markets were as simple as "Always fade _______."  Although some people do say it's that simple and the guy's name is Gartman.  But I have never checked out the accuracy of that assertion.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...