RE:All set for an ugly openUnlucky13 wrote: BTE has been holding up well buy today appears to be the day it gets hit hard. Maybe a double digit percentage loss coming up. Oil is going back to the low $30 range and maybe even the $20 range today. Should have got out on Monday, greedy pigs gets slaughtered. I am still winning the $2 before $3 bet. Don't doubt me, I have proven accurate more then anyone on this board the last two years.
It's one damn day. Yeah maybe it does hit 20's again. We are only a few cents off anyway. People need to stop overreacting to daily noise and look at the big picture with a longer term view. We are at the bottom. It may fluctuate some more but we are at the bottom, nonetheless. This is when you buy. Oil will obviously recover at some point (recovery beginning this year as agreed by most) so if you invest now, you are almost guaranteed to make money. These daily price fluctuations based on the slightest bit of insignificant news doesn't mean anything to the big picture. If you have the guts, you can day trade and make a few dollars on the swings but you can also lose
your shirt. I'm not sure what you have to gain by spewing negativity on here every day but it's gotten old. You don't need to take every piece of info and turn it into a room and gloom scenario every time. If you want to short oil stocks, go right ahead. But please stop pushing negativity down everybody's throats.