Post by
masfortuna on Feb 28, 2023 1:11pm
Excellent
I am a long term holder. My horizon is 3-5 years as I DO beleve we are at the beginning of a structural bull market. For me, this is an excellent deal that will payout in the future 10x. It is not a good deal for any "flippers" and short term holders (Snowball, Cobalt, are you reading this?). I couldn't care less if it hits $5.29 today as I am more interested in where it will trade in the future.
Comment by
Snowballer on Feb 28, 2023 1:20pm
Lol same song and dance since 2016... except share price was higher in 2016! Hahaha I guess long term means eternity lmao GL Mas.
Comment by
masfortuna on Feb 28, 2023 2:13pm
Nah not eternity. As I said 3-5 years.
Comment by
Cobalt on Feb 28, 2023 2:20pm
If oil does what you think and gas is back to $4, 3-5 years should put us well into a GOP government no idea how you can think to be long Oil names then drill baby drill
Comment by
Snowballer on Feb 28, 2023 2:59pm
Everyone and their dog has being saying 3-5 years for the past 7 years :p
Comment by
Cobalt on Feb 28, 2023 3:02pm
Its what ya say when your trade is not working and it is garbage a crystal ball that goes out 6 months is hard to find 3 to 5 years LOL
Comment by
YupnDump on Feb 28, 2023 3:32pm
you forgot to mention those who are 6 feet under
Comment by
masfortuna on Feb 28, 2023 4:13pm
Perhaps but I have only been here for 2 years (check my post dates). and since I do "ME" best, that's my plan.
Comment by
Cobalt on Feb 28, 2023 1:25pm
I'm netrual it really is a recession call 50/50, can pick it up much lower if we go into one also if the GOP gets in i short oil drill baby drill, my plan as of now is to be out of Oils come june (seasonal high) then see how recession plays
Comment by
masfortuna on Feb 28, 2023 2:16pm
So let me get this straight...In case the GOP gets in in 2026/27 you are out of oil in JUNE 2023??? OK sure Cobalt. And fyi June is usually when oil goes up as the driving sason starts but that's when you plan to sell it??? But you are holding it now during seasonality lows? Right. Got it. Gl!
Comment by
Cobalt on Feb 28, 2023 2:24pm
No i'm out off all oil in June all these charts are the same to see how if the recession plays out that should hit later this year , if GOP gets in i will short oil names 2024
Comment by
Cobalt on Apr 12, 2023 11:45pm
May nope this is like 8 out of 9 times but who is counting, be well.
Comment by
Cobalt on Feb 28, 2023 2:43pm
"And fyi June is usually when oil goes up as the driving sason starts"
Comment by
masfortuna on Feb 28, 2023 4:11pm
Thx for the chart Cobalt. Yes I am familiar with the chart. Looks like it peaks in mid July but looks strong until October. That chart is a 20 year avg. Eitherway you would be out "by June" as per your words. Why not stay until the fall if you are worried about a recession?
Comment by
Cobalt on Feb 28, 2023 4:15pm
June will be tight enough i may not last that long 6% rates are now being talked about OUCH "Sell in May and go away" could ring very true this year
Comment by
masfortuna on Feb 28, 2023 4:21pm
This year is a "gong-show". Nobody really knows what they are doing and the FED is all over the map. Maybe we get a recession, maybe we don't. If we do get one, it will be my first recession where the job market is short on employees. Everything is topsy turvy and maybe OIL may be the big winner this year. I am giving it a 50/50.
Comment by
65F09A on Feb 28, 2023 4:23pm
Or was it Sell in Jan cause the FED's changing their plan?
Comment by
markymark1 on Feb 28, 2023 3:24pm
The problem is that at the end of the 3-5 year cycle, it's always another 3-5 year wait according to those who make the rules. Good luck to everyone.