The boys over at Goldman took it upon themselves this morning to kindly ask that you liquidate your oil and gas stocks, citing hard times for oil men. Just two weeks ago, they circle jerked around the idea that EMES was heading to $153. Today, they believe that very same company is merely worth $103.
Here is their whole list of haggardly oil and gas names.
PTEN
Downgrade
$153 » $103
PES
Downgrade
$20.50 » $12.50
EMES
Downgrade
$153 » $103
BAS
Downgrade
$33 » $12
DO
Downgrade
$36 » $26.50
DPM
Downgrade
MEP
Downgrade
NDRO
Downgrade
CLR
Downgrade
APC
Downgrade
EPE
Downgrade
LPI
Downgrade
PE
Downgrade
They don’t like oil anymore and feel that it is heading to $75 per barrel. Bear in mind, however, that the Goldman Ballsachs company works in a very duplicitous manner. Sometimes, on occasion, up is up and down is down. But, the modus operandi revolves around methods of misdirection, where up is in fact down and down is sometimes sideways, but also up. Plus, it all depends on their investment banking calendar and/or relationships with targeted companies.
The analyst department works very diligently behind their chinese wall. They are very busy little bees.
Ultimately, and this is true on an empirical level, whatever the analysts have to say is moot–absolutely meaningless. Stocks will trade up and down on emotion, gyrating between ranges dictated by public opinion. However, their ultimate destination lies in the numbers, the earnings, for they, unlike the Goldman Ballsachs corporation, never lie.
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GS is the evil empire and their book trades the other side of their analyst up and downgrades
All rumors of course.
The old Great Chinese wall of hole galore! Considering, according to the great Jesus https://twitter.com/WallStJesus, mongo put buying took place last Friday & last week.
+66136 XLE Dec-14 75.0 P, OI=66666
+48813 XLE Dec-14 82.0 P, OI=58325
Prez Ebola sez,
If you like your country flooded with Ebola patients, you can keep your flood of Ebola patients. Period.:
“Boy observed in NYC hospital for Ebola; states firm on quarantines”
http://www.reuters.com/article/2014/10/27/us-health-ebola-usa-newyork-idUSKBN0IG12920141027?feedType=RSS&feedName=topNews&utm_source=twitter
Prez Ebola sez:
If you like me running roughshod over Congress and the Constitution with executive orders/edicts, you can just vote Dem next week 🙂
Goldman is finally on board?
That’s it, selling everything and shorting it twice over.
$75 is less than 10%.
Goldman is coasting on the fumes of old victories, burning reputation to stay warm. For the past five years, their calls have been measurably terrible.
They just want you to sell out of your positions so they can get long at cheap prices…
I alone await the retest of the recent lows.
.
… “alone” ?
.
Of course not alf44, but I wrote I alone and was struck by how dramatic it sounded.
bespokeinvest · 2m2 minutes ago
Goldman Sachs not alone in its Energy downgrades this morning: Stifel also moving 9 Energy names from Buy to Hold. $XLE
So Goldman really knows which direction everything will go, but lie to the world at times for their own evil purposes?
Could they just be wrong like anyone else?
No. GS is right only at the most convenient times. E.g. they were right a year or so ago about gold falling. GS very well knows that diehard gold traders trust GS the least of any traders, being conspiracy minded.
Diehard gold traders also are extremely simple minded. So they think success is as simple as “Fade Goldman.” It was quite predictable that when GS said gold was going to drop, that diehard gold traders would back up the truck and pile on. They did & they lost their shirts.
So they are really smarter than everybody, but devious!
No. They are not dumb people, but they are not smarter than others. They just have more inside info than everyone else.
GPRO and MBLY FFfffffffffff!
Good Dr – what say ye of TWTR and their pending earnings??
Fly has a new iBankCoin marketing plan. Pay fucktards to make numerous meaningless political comments so that we are forced to subscribe so as to commune with the land of gentleman. Dudes, this is a market site. Nobody cares about your hate for the president or any other politician.
True enough.
WTI already back up over $80, quick shock and predictable over-reaction. We all know the world runs on oil. WTI reaches around $75, we’ll just stop drilling. Price will then increase.