Anybody Buying Yet? Where’s the Bottom?

[Deleted member 28227]

Absolutely. It's just not an industry that can turn on a dime to some new global political paradigm. I still hold that we are going to regret not planning adequately and flaring all this nat gas.

100%, both for economic and environmental reasons.

Maybe a silly question, but shouldn't industry start looking to store the gas from one new well in another depleted well? I guess the rock structure would determine if that was possible.

We (US and other countries) store natural gas. In the US storing gas in depleted fields is very common.

The problem in the context of this conversation is getting gas out of the well with the oil and then back into the ground. My guess is you can't inject gas into offset wells as they communicate and then to get to depleted wells that are far enough way you run into the gas line problem again.

There is a lot to production engineering, and even at vertically integrated companies you run into problems. It's not uncommon for a company to own it's own midstream wing but then to have to dedicate a pad to a competitor because they just can't get pipe to their own pad in the time frame necessary.

What I'm trying to get at is macro we do do that, like as a country, but it's not something that individual operators do and thus why spot prices are all over the place.

 

[SAJ-99]

100%, both for economic and environmental reasons.

We (US and other countries) store natural gas. In the US storing gas in depleted fields is very common.

The problem in the context of this conversation is getting gas out of the well with the oil and then back into the ground. My guess is you can't inject gas into offset wells as they communicate and then to get to depleted wells that are far enough way you run into the gas line problem again.

There is a lot to production engineering, and even at vertically integrated companies you run into problems. It's not uncommon for a company to own it's own midstream wing but then to have to dedicate a pad to a competitor because they just can't get pipe to their own pad in the time frame necessary.

What I'm trying to get at is macro we do do that, like as a country, but it's not something that individual operators do and thus why spot prices are all over the place.

 

[BigHornRam]

View attachment 246413

Good movie!

 

[Sytes]

Those puts were a tad too steep priced. Looking back, it was money hanging from the tree. Should've, could've, would've - but didn't. Darn it...

Alphabet: Shares of the Google parent (GOOG, GOOGL) slumped 6.6% AH following results that missed expectations on both the top and bottom lines. Slowing sales growth continued as YouTube was whacked by the sharp global downturn in online advertising, with the division's ad revenue falling for the first time since the company began reporting its financial performance in 2020. "Times like this are clarifying," CEO Sundar Pichai declared, adding that Google is pushing to become more efficient "by realigning resources to invest in our biggest growth opportunities" and that "Q4 [employee] headcount additions will be significantly lower than Q3."

Microsoft: The company behind Windows saw its stock tumble 6.7% AH following a mixed bag of results that was stained by tech rival Alphabet. Revenue from Intelligent cloud computing, including Microsoft's (MSFT) Azure and other cloud services, was the biggest piece of the company's revenue puzzle, and totaled $20.3B, up 20% from last year's quarter. However, a decline in PC sales and the dollar's strength continued to weigh on profits and growth, while the C-suite said that some rough weather could be coming in the months ahead.

 

[BigHornRam]

Those puts were a tad too steep priced. Looking back, it was money hanging from the tree. Should've, could've, would've - but didn't. Darn it...

Alphabet: Shares of the Google parent (GOOG, GOOGL) slumped 6.6% AH following results that missed expectations on both the top and bottom lines. Slowing sales growth continued as YouTube was whacked by the sharp global downturn in online advertising, with the division's ad revenue falling for the first time since the company began reporting its financial performance in 2020. "Times like this are clarifying," CEO Sundar Pichai declared, adding that Google is pushing to become more efficient "by realigning resources to invest in our biggest growth opportunities" and that "Q4 [employee] headcount additions will be significantly lower than Q3."

Microsoft: The company behind Windows saw its stock tumble 6.7% AH following a mixed bag of results that was stained by tech rival Alphabet. Revenue from Intelligent cloud computing, including Microsoft's (MSFT) Azure and other cloud services, was the biggest piece of the company's revenue puzzle, and totaled $20.3B, up 20% from last year's quarter. However, a decline in PC sales and the dollar's strength continued to weigh on profits and growth, while the C-suite said that some rough weather could be coming in the months ahead.

Just getting ready to post this, Charles.
Easy come, easy go...........

Alphabet, Microsoft Lead Megacap Selloff Erasing $295 Billion

Megacap stocks slide in premarket trading on Wednesday after disappointing quarterly updates from Alphabet Inc. and Microsoft Corp., set to wipe off about $295 billion in market value from the biggest US companies.

www.bloomberg.com

 

[Sytes]

Think she hit the nail on the head (your provided video within your shared link) with her comment, "...I think the next few weeks are going to be a bit bumpy" when discussing the selloff. Maybe not too late - the ongoing Q of the day/swing trader. ToS is up - trying to ID the short / put play... Blah - it was a shiny apple hanging from that tree - why did I not pick and eat? Haha! Stock market. Always looking back at the ones that got away.

 

[BigHornRam]

Think she hit the nail on the head (your provided video within your shared link) with her comment, "...I think the next few weeks are going to be a bit bumpy" when discussing the selloff. Maybe not too late - the ongoing Q of the day/swing trader. ToS is up - trying to ID the short / put play... Blah - it was a shiny apple hanging from that tree - why did I not pick and eat? Haha! Stock market. Always looking back at the ones that got away.

Shiny apple that still hasn't made its way to the top of the tree yet.

 

[npaden]

I guess I should have sold my GOOG and MSFT yesterday. LOL.

 

[SAJ-99]

I guess I should have sold my GOOG and MSFT yesterday. LOL.

I am looking to buy it today. Everything is getting punished on earnings but once the selling abates it rebounds back to the level it was before the report. TSLA is a the latest obvious example.

 

[BigHornRam]

Friend asked me what I thought about this stock. First look I said it looks like a company getting ready to shit the bed. Rumblings about dividend going away, blah blah blah. Toss it out here to see what you guys think.

 

[SAJ-99]

Friend asked me what I thought about this stock. First look I said it looks like a company getting ready to shit the bed. Rumblings about dividend going away, blah blah blah. Toss it out here to see what you guys think.
View attachment 246543

That is a horrible chart. The only thing you are betting is there are no sellers left. Lots of debt, no growth. However, doesn't look all that different than Verizon and ATT.

 

[Sytes]

I am looking to buy it today. Everything is getting punished on earnings but once the selling abates it rebounds back to the level it was before the report. TSLA is a the latest obvious example.

It would be interesting to see how we would each play $1,000 paper / not real $, for one week. We work off percentage. IMO, it will go lower before it finds it's support.

Interested? Seems we have a few who have an appreciation for the market, rather a love/hate relation is probably a better description. Haha!

 

[SAJ-99]

It would be interesting to see how we would each play $1,000 paper / not real $, for one week. We work off percentage. IMO, it will go lower before it finds it's support.

Interested? Seems we have a few who have an appreciation for the market, rather a love/hate relation is probably a better description. Haha!

Agree. You appear to play earnings different than me. I sell options about 2 wks before years and collect the decay, then like to buy to close the position right before earnings, let the announcement come through, and then see what I want to do after seeing the market reaction. I have found I can't guess how the market will react. The one option position I held through earnings date was JPM and ended up getting called out at 114. So that didn't work out well at all.

To BHR's question on LUMN, we can ask ourself questions on any stock. for Example:
If you were getting a divorce and had to split the portfolio 50/50 but couldn't split individual positions, would you keep LUMN or give it to the Ex?
or, If the stock did a 1 for 4 reverse split and the price was $28 would it still look attractive?
Some people just like single digit prices. At $7, it is like an option. It goes to $3 or $10 to them. But they wouldn't feel the same at buying 40 shares @ $7 as they do if they bought 10 shrs @ $28. It is always interesting to see how the human mind works when dealing with the market.

 

[BigHornRam]

If I'm playing with fake money, I'll throw down a thousand on TSLA. Plenty of people throw down a lot of real money on it for reasons I can't figure out.
Hope I don't jinx you TSLA fans with this purchase.

 

[TOGIE]

It is always interesting to see how the human mind works when dealing with the market.

i will say, i at least work hard to confirm my biases. real hard

 

[Sytes]

It is always interesting to see how the human mind works when dealing with the market.

I think the lower the stock value, below $5 (aka penny shares) the volitility is the attractant. Though 100% agree, the % is the same whether a $10 stock or $50 stock. A massive swell of 5% will pay the exact same whether someone has 5 shares of the $10 or 1 share of the $50.

 

[BigHornRam]

Fire sale at META this morning!

 

[HONEYBADGER]

Fire sale at META this morning!

All of Meta's new stuff is a failure...it has a lot further to fall

 

[BigHornRam]

If I'm playing with fake money, I'll throw down a thousand on TSLA. Plenty of people throw down a lot of real money on it for reasons I can't figure out.View attachment 246561
Hope I don't jinx you TSLA fans with this purchase.

Crap! There goes my imaginary Tesla winnings!

Tesla under criminal investigation by DOJ over autopilot accidents

Yahoo Finance Live's Dave Briggs reports on the DOJ probe investigating Tesla's autopilot feature following numerous accidennts.

finance.yahoo.com

Tesla’s Lithium Supply Talks Collapse With Australian Miner Core

(Bloomberg) -- Tesla Inc.’s efforts to agree a lithium supply pact with Australian miner Core Lithium Ltd. fell through after months of negotiations against a backdrop of rocketing prices.Most Read from BloombergNew Covid Boosters Aren’t Better Than Old Ones, Study FindsUS Warns South African...

finance.yahoo.com

 

[BigHornRam]

All of Meta's new stuff is a failure...it has a lot further to fall

Zuckerberg should have spent his Zuckerbucks on his own company apparently?