RE:RE:RE:RE:RE:RE:People who bought the stock @ 6.60RuprtMorduch wrote: Slinger14 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?
How do you know my predictions are based on nothing? I do my research and due diligence. Just because I didn't explain fully my predictions do not make them empty. If you read my posting history, you will see I invest on fundamentals and my words are far from empty. I am not a day trader and I don't buy/sell on every swing. With such a huge uptrend, I am more likely to miss a run up and underperform if I trade rather than hold. With that being said, I have traded in the past and I will trade if I see an opportunity to increase my share count as I did with Brexit. I do not buy/sell because of speculation on weekly numbers. When I look at EIA data, I see 6 consecutive weeks of draws. I don't speculate if it will beat/miss estimates from week to week. That is investing based on fundamentals. So don't be so quick to judge somebody based on one post when you know nothing about them. Nobody knows what the weekly inventory data will show. It's a shot in the dark if you hold/sell based on it. If I want to gamble, I'll go to the casino. My investment strategy has made me a lot of money in the oil recovery and I feel no need to stray from it.