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Thursday, March 28, 2024

Comment by phil

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  1. phil

    Oil took a nice little dip to the $103.50 line but back now – not a very fun range to play ($103.70-$103.50) buy I'd hate to miss the big one!  

    CLD/Burr – They have always sounded intriguing but never gain any real traction in a channel from $14-$22.  So, at $21, not too sexy.  Zacks didn't think so at $20 either:

    Although Cloud Peak Energy Inc. (CLDis up over 7.9% in the past four weeks, investors may be concerned. After all, CLD is now in overbought territory, at least when looking at its RSI value of 71.4. If that wasn’t enough, investors should also note that Cloud Peak possesses a Zacks Rank #4 (Sell), so if analyst perception is any guide, we could witness a slump in CLD shares before too long.

    To me, it's a high p/e for a coal company despite the "enterprise value," especially with $1Bn in debt against that cash and the reason they have cash is because they borrowed another $63M last year.  It's easy to have an "impressive" cash balance if you keep borrowing money – even though you are already in debt.  So I guess I've talked myself into a no on this one.

    Musk/StJ – I don't know how he keeps his story straight as he runs around heading up 3 companies at once.  Remember when they said Jobs couldn't do Pixar and AAPL?  That was just 2!  

    /RB/Deca – Yes, I would short at $3.08 but it's already down to $3.072.  Was almost $3.09 before but you can see the consolidation at $3.08.  With oil dropping (finally) you can probably count on a move even lower on /RB – at least to $3.06. 

    And Wheeeee! on oil – $103.30!



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