"oxy" and the price of oil

[zyzzyva57]

First, "oxy" is owned by Cramer, and if you haven't seen the real Cramer with a trial run of his Action Plus Newsletter do--THIS IS A STOCK TO OWN!! But there is an issue to note:

Here is the scenerio for energy until AFTER the mid-term elections in Nov:

The price of a barrel of oil will be swaying back and forth in the range of $60 to $70 until the elections of all in the house and some senators, but once Wall Street knows what politicians are safely in office, plus the Hurricane season will be in full blast, oil will then move to $70 to $80 per barrel from its present $60 to $70. Until the elections, Wall Street will be afraid to move to the $70+ mark, because the American consumer will be squealing at $3 + for a gallon of gas (Below $3, they just bitch and drive merrily along). Oil companies, for example, know a terrified congress will form into vigilantes and tax the profits. It is a must for the gas pump price not settle on $3+ for gas until AFTER the elections.

As a Newbie, track the price of "oxy" and when it dips, buy if you have the patience to hold till AFTER the elections and the hurricane season really kicks in.

Oil, in sum, has politics mucking up the simple Law of Supply and Demand

[stockviper]

First, "oxy" is owned by Cramer, and if you haven't seen the real Cramer with a trial run of his Action Plus Newsletter do--THIS IS A STOCK TO OWN!! But there is an issue to note:

Here is the scenerio for energy until AFTER the mid-term elections in Nov:

The price of a barrel of oil will be swaying back and forth in the range of $60 to $70 until the elections of all in the house and some senators, but once Wall Street knows what politicians are safely in office, plus the Hurricane season will be in full blast, oil will then move to $70 to $80 per barrel from its present $60 to $70. Until the elections, Wall Street will be afraid to move to the $70+ mark, because the American consumer will be squealing at $3 + for a gallon of gas (Below $3, they just bitch and drive merrily along). Oil companies, for example, know a terrified congress will form into vigilantes and tax the profits. It is a must for the gas pump price not settle on $3+ for gas until AFTER the elections.

As a Newbie, track the price of "oxy" and when it dips, buy if you have the patience to hold till AFTER the elections and the hurricane season really kicks in.

Oil, in sum, has politics mucking up the simple Law of Supply and Demand

Good Points. I didnt'think of the political scenario playing into it!

[BOOOYAHOOO!]

All we know fo sho is dat da top is in fo OXY and the entire sector...cept fo solar of course, but da solar pigs are simply correcting cause Cramer said to buy at higher levels :) This little Cramer pump signals absolute top fo OXY just as his pump of the fiber optic plays signaled da top, just as his comentary that AMD had it all over INTC signaled da top in AMD, just as his interest in da precious metal stocks signaled the top was in there. I can't believe that mo fokes besides myself doan see an obvious pattern that is clearly emerging and has been proven time and time again. Yuns guys are always lookin fo great opps in da mawkets....you just be lookin in da wrong areas or you are too skeeeered ta chort! :)

[zyzzyva57]

Disregarding the Iran issue, oil ought to be jiggling around $60 a barrel...The run up now is "the sky is falling" BS of Wall Street...Through the midterm elections, Wall Street and politicians are in gamemanship mode...All I can suggest to you the reader of this is I have my BS Detector on full throttle through the mid term elections--I expect anything illogical...

If Cramer owns a stock, I would take that stock seriously

[loslobos71]

isnt the best way to play this to buy when oil is around $60 (buy any of the oil stocks, OXY or like a driller such as Nabors which also, for some odd reason, tracks the price of oil closely) and then hold it , and once it goes around $70 to sell it. Then short it, or just not buy, and wait for it to go to $60, buy and repeat. Then once it gets close to the elections, say like mid-october (once the mutual fund selling is done) to buy and hold until it goes to $80. The reason I say this is because I stupidly bought Nabors when oil was around $68 and I held it to the bottom, and now it went up 10 points cuz oil went up...It seems like I could have traded/invested much better if I went in/out depending on oil
Anyway, thanks for your input about the elections, I never thought about that. Good luck

[BOOOYAHOOO!]

Disregarding the Iran issue, oil ought to be jiggling around $60 a barrel...The run up now is "the sky is falling" BS of Wall Street...Through the midterm elections, Wall Street and politicians are in gamemanship mode...All I can suggest to you the reader of this is I have my BS Detector on full throttle through the mid term elections--I expect anything illogical...

If Cramer owns a stock, I would take that stock seriously

Funny you should bring politics into it LOL Actually, I'm not surprised that people missed a big clue about the way things are....probably cause they was all to much in a hurry to get rich....and ended up getting their a$$es kicked as usual the last time politics came into play in da energy patch. da facto da matter is that there already was a much bigger oil frenzy after Katrina....gasoline futures traded to 3.80!....3 days after N.O.La flooded. What did da politicians do? They passed de tax breaks for XON which reported the biggest profit in the history of this nation about 1 week later. What did da Democrats do? They beitched and moaned. What did the oil companies do? They lowered da price at da pump to make da sheeple complacent. What did the energy stocks do? They tumbled and made Cramer change his mind. So here we are again....3 months later as gas at da pump climbs high enough to make you take notice. You tell me what happens next. Actually, I already know! You figure it out yerself! The average idiot had just better be happy that me and my boyz Guido and Tony are here lookin after ya's! LOL

[BOOOYAHOOO!]

isnt the best way to play this to buy when oil is around $60 (buy any of the oil stocks, OXY or like a driller such as Nabors which also, for some odd reason, tracks the price of oil closely) and then hold it , and once it goes around $70 to sell it. Then short it, or just not buy, and wait for it to go to $60, buy and repeat. Then once it gets close to the elections, say like mid-october (once the mutual fund selling is done) to buy and hold until it goes to $80. The reason I say this is because I stupidly bought Nabors when oil was around $68 and I held it to the bottom, and now it went up 10 points cuz oil went up...It seems like I could have traded/invested much better if I went in/out depending on oil
Anyway, thanks for your input about the elections, I never thought about that. Good luck

Yeah, it's called Channelingstocks.com and it is based on the theory of harmonic motion. Eventually everybody finds out it actually works and then the suspension bridge starts a rockin like Mad Girl Investor's new avatar finally jumped on board. That's when the trouble starts....if ya know what I'm tawkin bout. :)

[zyzzyva57]

I would monitor the Best of Breed energy stocks, paying attention to those Cramer owns

Monitor next the RSI of the stocks...Since this is a Momentum Metric based on price, when you see a stock at 71+ you sell into this...You buy in at 51+ to 70...With energy, buy and hold...A good buying opportuntity should come when the politicians start talking about excessive energy profits...This should really hit the fan with the earnings reports of energy companies--Watch for an opening to buy as "the sky is falling" crap hits the fan--Get in and hold till post mid election and the hurrican season

[loslobos71]

I would monitor the Best of Breed energy stocks, paying attention to those Cramer owns

Monitor next the RSI of the stocks...Since this is a Momentum Metric based on price, when you see a stock at 71+ you sell into this...You buy in at 51+ to 70...With energy, buy and hold...A good buying opportuntity should come when the politicians start talking about excessive energy profits...This should really hit the fan with the earnings reports of energy companies--Watch for an opening to buy as "the sky is falling" crap hits the fan--Get in and hold till post mid election and the hurrican season

I'm going to place an order to sell most of my NBR now (RSI way up, oil way up....dont want to be a "pig") and hopefully get back in around may/early june before the driving season/hurricane run up of oil... thanks again

[zyzzyva57]

Aren't the markets closed Fri?

Here is my two cents on what to do: Hold! DO NOT SELL UNTIL THE RSI GETS 71+--Sell into this market -- Buy or hold when the RSI is 51 - 70...If you time this right, you buy low to sell high (harder to do than say :)

If you can monitor your email, I would set a stock-alert for 3%, 4%, 5% up as well as down, so I could track the stock and not have to look at the constant price changes that drive me insane...At a 4% decline, then I would go to my chart to get an over-all look at the stock, but with an energy stock like this one, quite frankly, I would only sell high to buy back on dips...Cramer loves this stock, plus it is Best of Breed...You have a jewel--Oh, with an alert set you can ride the stock up when there is a run on this stock, which you should expect through the summer: sell on the runs/buy on the pull back (In Cramer Lingo you are doing these things: 'mon back - ("c'mon back") -- schnitzel - sell a few shares of the stock for a trade while holding on to the rest)

See my point with this chart:
http://stockcharts.com/candleglance/?gs,nbr|D|B10

[BOOOYAHOOO!]

Aren't the markets closed Fri?

Here is my two cents on what to do: Hold! DO NOT SELL UNTIL THE RSI GETS 71+--Sell into this market -- Buy or hold when the RSI is 51 - 70...If you time this right, you buy low to sell high (harder to do than say :)

If you can monitor your email, I would set a stock-alert for 3%, 4%, 5% up as well as down, so I could track the stock and not have to look at the constant price changes that drive me insane...At a 4% decline, then I would go to my chart to get an over-all look at the stock, but with an energy stock like this one, quite frankly, I would only sell high to buy back on dips...Cramer loves this stock, plus it is Best of Breed...You have a jewel--Oh, with an alert set you can ride the stock up when there is a run on this stock, which you should expect through the summer: sell on the runs/buy on the pull back (In Cramer Lingo you are doing these things: 'mon back - ("c'mon back") -- schnitzel - sell a few shares of the stock for a trade while holding on to the rest)

See my point with this chart:
http://stockcharts.com/candleglance/?gs,nbr|D|B10

Just wanted to warn you bout what will happen if you try to perfect a trading system based solely on RSI.....you'll get deeeeestroyed! LOL Anywho, it doan mean that there are certain trends in RSI that are reliable. In general, when a stock is making a high the RSI reaches 80+ on da 10 day chawt. Usually that signals a short term top. Many times that top will be breached with a higher high before a major correction occurs. I mentioned this clue on at least mo than 1 occasion but here it be agin. When that previous high does get taken out and RSI is making a lower high than the 80+ high when the previous price top was being put in....watch out! *-) I also mentioned this on many occasions. Look at a 3 year chawt of whatever oil pig you happen to be under the ether about. Do you see lower RSI values now than you did at a previous peak many months ago? If you do then you at least have a clue bout where your oil pig be headin. Looks like NBR was making higher RSI peaks when da price was $40/sh than it is now. And you can clearly see the lower RSI peak when the recent 52 week high was put in :) Now if ya wanna tawk OBV, yet anudder technical indicator....we see that on the 3 year chawt da OBV for NBR is back up to +100 million! even as the price has not made a new high. Well all dem fokes dat was a buyin was sho happy to pay fo it. I wouldn't want to be holding long when 100 million in posi OBV decides to unwind....see ya at $40!! LOL

[loslobos71]

Hopefully NBR will bounce off its 50 AND 200 DMA's, especcially considering they are intersecting and should hold a ton of support. At that point, it should go up 2-3 dollars (very volatile stock It seems...) as long as oil holds steady the next two trading days...The RSI should move up and I will sell then. THanks for your input. Its very hard for me to set alerts and stuff because Im in school all day and can only go on the internet from like 12:15-1 and from 11-11:15...Im on spring break this coming week so Ill be able to monitor more than usual, but going outside and enjoying the 70 degree weather comes first.

[zyzzyva57]

Point well taken about the RSI

For me, I just lean to the RSI, because it tracks the price and interest of a stock

I am constantly studying charts and for me, the RSI encapsules what I like in a stock to buy low to sell high, because early on I got tired of buying high and selling low

[loslobos71]

Point well taken about the RSI

For me, I just lean to the RSI, because it tracks the price and interest of a stock

I am constantly studying charts and for me, the RSI encapsules what I like in a stock to buy low to sell high, because early on I got tired of buying high and selling low

I really know nothing about charts, so I trust what you have to say. Do you have any links to articles which explain RSI and how it works? Thanks

[Mad Girl Investor]

I really know nothing about charts, so I trust what you have to say. Do you have any links to articles which explain RSI and how it works? Thanks
http://www.investopedia.com/search/results.aspx?q=rsi

[zyzzyva57]

Bookmark that site: http://www.investopedia.com/terms/r/rsi.asp and investigate any moves Cramer discusses, e.g., IPOs

If I tell you something you like, verify, verify, and verify does it work for you-u

Look at charts yourself and read from left to right and see if you see what I see...If not, hey, one person at this forum finds $ucce$$ with such ads as those with the teenage gurl in the Ameritrade ads--I say go for the gold...Another likes stocks that hit 52 week lows--I say go for the gold! If shorting works for you and you do not even have the hang of the basic stock market--go for it! If you can make money off penny stocks, ditto

Charts are like modern art: most cannot stand them, e.g., Cramer

RSI: Cramer obviously does not care for this metric, because I have never found one mention about this pro or con from him

If you want to investigate charts and what I say, simply take this paradigm chart that is near perfect and check your stocks and random stocks against it...If it works for you, fine...If not, move on--No hard feeling from me...Ultimately you have to discover your own metrics...
http://stockcharts.com/h-sc/ui?s=GS&p=D&yr=1&mn=0&dy=0&id=p95917636516

[wallnut]

Its almost like you drew that!!
Do you use slow stochastics?? It seems like it depends on who you ask and everybody likes to read a chart a lil different but ss is where I make my initial decision on whether or not I want to look deeper into a quick turn. In your opinion is this wrong? mind you I am not a pro with charts.

[zyzzyva57]

Quite frankly at this point I am satisfied with the following metrics:

If the sector is hot, sell
If the sector is cold, buy
If the sector is in chaos, hold on or don't buy, e.g., energy

The stock is over the previous 52 week high
the RSI is 51+
The 50-day MA is over the 200 Day MA
The MACD 26-day MA is over the 9-Day

The Fundamentals are secondary--High is obviously nice icing on the cake

I am a chart loving fool who loves raw momentum and I am a wannabe Trader (not day trader, gawd-no)

I leave investing to a dull mutual fund

I love the thrill of Trading and playing with Cramer or against him :)