RE:RE:RE:RE:RE:People who bought the stock @ 6.60Slinger14 wrote: RuprtMorduch wrote: Dont try to fool other people who have bought the stock, We're all poor comparing to the big banks. There's easily high 6's to re-enter if you sold @ 7+.
Oil average
| 5-Day | 48.14 | -2.36 | -4.73% | 456,262 | | 20-Day | 49.25 | -2.04 | -4.12% | 306,193 | | 50-Day | 47.93 | +4.89 | +11.48% | 160,374 | | | | | |
Oil average that high, People should try to re-buy if they see some 6.80-6.90's throught this week or month.
There is a strong possibility we won't see $6.80-$6.90 again after this week. This was a large correction. There is nothing so bearish as to trigger another correction of the Brexit magnitude, especially not immediately following it. Oil will be $50+ again VERY soon. Do you really want to risk missing the run back up? Inventories are dropping every week as supply continues to roll over and demand increases. The fundamentals are ever improving. There is no reason oil will touch $46 again. We are at the beginning of another sharp, short term rally that will bring oil back in-line with the long-term upward trend. You don't want to be selling right now!
i'm bullish as you are, I'm saying there will be pull backs to around 6.90 where people could re-buy if they want to to if they sold above 7+. Your words are empty, I hate when people predict prices to be over 50+, they love getting into hypatheticals without getting into the fundamentals,
All I'm telling people is to be cautious tommorow,
I have a question for you.
Do you like betting money against API data , EIA data?