Every time I’ve acted on Cramer’s pontifications, I’ve lost money. It’s pure speculation. And Pickens has money in the game. If he has holdings in oil that he didn’t cash out, he likely doesn’t want to sell out now at a loss, so he has no choice but to hold on and hope that the price will go back up so that his holdings return to their prior values. He’s like those who hold a lot of gold and tell people to buy gold so that the price will stay up so they can sell their own gold at a profit or without losing a lot of money.
BUMP! You have explained it perfectly.