Well look at this mini rally today. Fueled (sorry for the pun) by oil build?
"The U.S. Department of Energy reported domestic crude stockpiles rose by 9.4 million barrels in the week ended Aug. 15, more than 11 times the gain expected by analysts. The large gains came after crude imports to Gulf Coast increased by about 1.8 million barrels a day, to 7.2 million barrels a day.
The oil market found support in a 6.2 million barrel decline in gasoline inventories, which was larger than the 2.4 million barrel draw analysts had expected. A 500,000-barrel gain in distillates stocks was on par with expectations. "
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5 comments:
i don't buy that bullshit at all. who are these analysts? how could they possibly be off by 11 times??!!! not possible. i could have taken a wild guess and been closer. wouldn't it be wonderful if there was regulation....
aren't QMNM Q2 reports due out soon? hopefully there's something positive. it'd be nice to bounce back a little and start to make a higher resistance line. being right at a penny is a little shaky.
Q2 reports are posted on scottrade, but the formatting is all f-d up. I can't make heads or tails of it yet because the numbers (line breaks) are all over the place and I can't see what number goes with what...
I'm sure TD Ameritrade has them - look under SEC filings...
Now you guys see why I am short on over two thirds of my miners. It doesnt make sense, but I am tired of fighting the market mentality.
Frustrating...
Added 50000 shares of QMNM at .0101
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