RE:RE:deja vu all over againDriller58 wrote: Sold this bloated pig twice today too
This is when you're supposed to be buying, not selling. Remember the first thing you learned when you began investing? Buy low, sell high? Well this is the low, bud! Everybody has panic sold so this is when you buy. When you have made lots of money and valuation has crept up with no room for the sector to fundamentally improve, you sell! Oil has been beaten down $7 to $45 over the past month. Fundamentals are actually better now at $45 than they were at $52. Doesn't it make sense to buy now? Buy/sell/buy/sell every time you see a 5 cent swing. You ain't going to make money chasing a micro trend up and down. You seem to be selling because you are frustrated and afraid to watch it drop a few cents while you hold. Patience is a virtue my friend. You will miss the run up when happens if you continue doing what you're doing. This stock is depressed. Supply is dwindling and demand is growing. We are at a 2-month low as inventories drew down along the way. We are headed towards a supply crisis within the next 2 years. Long-term holders will be the winners at the end of the day.