HAL will go DOWN
$0.00 on 10/18/09
$29.88 (-1.71% from time of market call)
I'm still working on my research on this one but I believe that the way Halliburton has been doing business is very identical to the much loved ENRON. Look at its chart it just posted a loss yet the stock is shooting up. The only reason it's shooting up is because it "Beat Estimates" sound like Enron to you? sounds like it to me. With connections with the government (former Vice-President, Dick Cheney) just like Enron. Plus insiders have been selling at the tops. They need the stock to continue higher so that they can sell. Therefore if they say to analysists that they are going to lose an estimate of 90 cents per share but then "only" lose 70 cents per share big players such as Mutual funds will bid the stock up. (just like Enron). More will come.
I found some grammatical errors and since updown doesn't let
you edit I decided to re-post it as a comment.
I'm still working on my research on this one but I believe that
the way Halliburton has been doing business is very identical to
the much loved ENRON. If you look at its chart it just posted a
loss yet the stock is shooting up. The only reason it's
shooting up is because it "Beats Estimates". Does this
sound like Enron to you? It sounds like it to me. It also has
connections with the government (former Vice-President, Dick
Cheney) just like Enron plus insiders have been selling at the
tops. They need the stock to continue higher so that they can sell.
Therefore if they say to analysists that they are going to lose an
estimate of 90 cents per share, but then "only" lose 70
cents per share so big players such as Mutual funds will bid the
stock up. (Just like Enron). More will come.
podellscott
