Energy Equities

[wchutson1]

Jim Cramer offers some very solid advise on this show (ie. diversification, sector & stock search, be unemotional/don't panic). However, Jim does a lot of shooting from the hip.

I have learned to go against the popular sentiment to make a pretty good return on my portifolio (+55% YTD).

Jim likes to jump on the bandwagon more than most analysts that I follow. Once he made Dicks Sporting Goods his stock of the week (this week), I shorted as much of DKS as I could and will close my position today.

The moral of the story is don't allow anyone to influence your investments that are not in line with the facts. Cramer clearly did not have his facts straight as he shoots from the hip way too much.

Now he is telling his viewers to 'ring the register' on engery stocks. Poor PPI data along with Walmart's comments pushed trader sentiment to push all energy equities down. This is in the face of a bearish drawdown on gas inventories of 5 million bbls. for the week. China and India's economy is growing and needs more energy to expand. Iran is holding the world by the short hairs over NUKES. Light sweat crude supplies are diminishing and heavy sour crude is in far greater supply.

Cramer is telling everyone to ring the register on Volero (vlo). VLO is a refiner of the heavy crude. I AM LOADING UP ON THIS EQUITY AS THE CRAMER PEOPLE ARE SELLING AT LOW PANIC PRICING. Thank you Cramer fans.

Watch the energy stocks rebound today or tomarrow and go to new highs.

[stockmaster8318]

I completely disagree, the bull market in energy is over and the move has been made. Could energy and oil stocks go higher sure. However, oil has been the biggest speculative bubble in the market (not housing) and yesterday that bubble burst. The thing that was driving oil up was demand not supply and when demand wasnt nearly as high as expected in the data and oil and sold off. Cramer is absolutely right on this one the top is here and if youre loading up on oil stocks I'm afraid youre making a big mistake.

[Jay Framson]

Well it does concern me that just a couple weeks ago Cramer was talking about how oil is going to go to $100 bbl, that there is a lot left to the bull market in oil, and was urging everyone to buy Valero, NOV, Encana, etc. Then he said the energy markets were experiencing some profit taking and were in the midst of a 3-day downturn, but hang in there. Then after they go down some more he says sell. I stupidly bought in after the big run-up thinking there was more upside based on his comments ... I have definitely learned to be a little more cautious and pay more attention to my own instincts a little more!

[stockmaster8318]

I dont think Cramer himself ever said oil would go to $100 a barrel. I think there were others that were saying it but Cramer wasnt one of them. Plus, there were no signs of a technical breakdown in the rally until yesterday and until there was one there was no reason to believe the rally wouldnt continue. So when he said stick with oil a month ago it was the right mov, it was simply profit taking. However, yesterday was the signal to everyone to get out.

[deepinwonder]

He said to load up on Chesapeake two days ago and four or five other energy companies on Monday. Also told holders of Cimarex to HANG ON AND NOT SELL, the week before he left, only to cash in himself after his five days of not talking about it where up, while he was down in Hawaii sucking pina coladas with his goddess. And she is trading who knows what behind the scenes?

Look, I have been enjoying this show, too, but in order to make a few dollars for charity, he is losing people fortunes. You can't pump a stock, then keep your mouth shut for five days if you see trouble, just so you can sell your own shares and say you are trying to make US money, Cramer. Cram it, I'm over it.

[cnelson]

I got in to energy stocks back in June/July, and unfortunately between the cost of oil coming down a few dollars earlier this week, and Cramer's recommendation to sell, I'm back to about where I started. Its hard to get motivated to sell if I'm essentially realizing a short term gain/loss of a few dollars. For now, I'm going to hold on for a bit longer... and set a reasonable stop loss if things get out of hand.

I do, also, find it odd that Cramer in recent weeks didn't forsee that oil/energy was going to be 10% of the S&P, which was one of his reasons for becoming bearish on this sector.

Only time will tell!

[cnelson]

I got in to energy stocks back in June/July, and unfortunately between the cost of oil coming down a few dollars earlier this week, and Cramer's recommendation to sell, I'm back to about where I started. Its hard to get motivated to sell if I'm essentially realizing a short term gain/loss of a few dollars. For now, I'm going to hold on for a bit longer... and set a reasonable stop loss if things get out of hand.

I do, also, find it odd that Cramer in recent weeks didn't forsee that oil/energy was going to be 10% of the S&P, which was one of his reasons for becoming bearish on this sector.

Only time will tell!

[deepinwonder]

Just think of how much better things would be, today, if those rookies hadn't piled on to after hours driving prices down farther than they needed to go, because they are too stupid to care what price they are buying or selling at.

One thing in Cramer's favor is that he keeps telling those morons not to do that, but they just do it, anyway, and to heck with the consequences to anyone, including themselves. Did you see what they did to that Israeli stock ISL today? OMG, that is ridiculous.

And don't forget to rush out and get your stock of the week! DICK'S!!

Good thing I bought into STZ, too. It's only down two bucks, but with all these people losing their butts on Chesapeake and Encana, maybe liquor sales will pick up and things will work out fine, after all. hehe

[deepinwonder]

PS I'm doing the same thing, cnelson, putting in stops. They didn't hit today, but CHK came within one cent! I thought I'd have a stroke. LOL

[cnelson]

WOW! One cent. That was close! Lets hope for some better energy sector days in the near future!