Stochastics Rants... Buy High And Sell Low is NOT the formula for success
Here is my rant on gas and oil markets that have been in rally mode for the last 2 weeks.
This is just the Canadian And USA Brokerages creating A sucker rally in which the brilliant among us cashed out. Did you see the bull crap rallies created in these? All bullshitt,
OPC, ITX, CMT, not based on any material change as stated by the companies.
Pure manipulation and guess what they got the money again and retail got the paper and now these stocks will slowly slide back because the brokers who pumped them have cashed out, but I bet you didn't.
All these stocks will just slowly slide back tick by tick, as retail wonders do I sit or or do I sell, and the stocks are ALL ticking down, did you notice?
The hot money has left the stocks, and they will decide when its time to run them again and they accumulate shares that retail will unload at much lower prices.
Sheeple get sheared again,
Don't believe me?
Most are holding lousy paper in sectors like Nat Gas which they say is at a bottom, the facts are that they will not use up the storage for 10 years. Nat Gas is in the can because of oversupply and lack of industrial use.
And with this new shale Gas coming online I'd be surprised if nat gas gets to 6.00 in the next 24 mths. But that didn't stop them from running up during public financing, no the salesman just hustled there clients to get the money REGARDLESS of the glut in oil and nat gas.
ONLY moved because of pure momo created during financing and promotion.
Did you notice how many companies suddenly in September were raising money?
Did you also notice how many had wonderful discoveries and increases to their reserves.
It was like a parade of great news.
Its all a bullshitt electronic casino designed to fleece the little guy.
And guess what...thats just what they did.
After playing this game since 1996 I have seen this so many times and there is nothing we can do about it Bears make money and bulls make money ,
Pigs get slaughtered.
So If you were like me you made sure that you cashed out as close to the top as you could.
And now we wait to accumulate again. What a casino the house always wins.
So the party is over for now and you probably have the pain of the hangover, I know I have some pain but my gains out way my losses so far.
So take a wait to see, hold your losers, or cut your losses, because the next dip down is just around the corner. September is the worst month in the last 100 years.
And yet...it was the best rallies of 2009 Its hot money brokers creating a bull run! Go Figure!
Me I'm starting to accumulate DEE again for the next run.
| Delphi Energy Announces Financing
17:16 EDT Wednesday, September 09, 2009 |
|
CALGARY, ALBERTA--(Marketwire - Sept. 9, 2009) -
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES
Delphi Energy Corp. ("Delphi") (TSX:DEE) announces that it has entered into a financing agreement with a syndicate of underwriters, led by National Bank Financial, (the "Underwriters") to issue and sell on a "bought deal" basis, 12,000,000 common shares of Delphi (the "Common Shares") at an issue price of $1.25 each, resulting in gross proceeds of $15,000,000. The Underwriters will have the option to acquire up to an additional 1,200,000 Common Shares at an issue price of $1.25 per Common Share for additional gross proceeds of up to $1,500,000 for total gross proceeds of up to $16,500.000. Proceeds of the offering will be used to fund Delphi's ongoing light oil development program in Hythe and additional potential acquisition opportunities. The offering is subject to normal regulatory approvals, including approval of the Toronto Stock Exchange. Closing is expected to occur on or before September 30, 2009.
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