RE:RE:Its A $3.50-$4.00 Stock!ADP238YEP wrote:
The stock market buys the future. Thats whats happening in the oil markets right now. It's a no brainer oil will going back up to it's normalized price of ~$100. COS is selling @ 38% of what it was costing a year ago. logcally people should be buying in here. Unfortunately buyer psychology is such that people want to buy when it's going up and sell when it's going down. It's the exact opposite of successful investing. Lots of volume at $13.50 much less at $9.50 - go figure?
If you believe like me that oil will go up to $100, or more likely over, in the next eighteen months buyers here will be fine. Unfortunately COS "may" revisit the previous lows in the meantime.
Over eighteen months this stock is an easy double from here. Once sentiment turns positive people will buy.
I will say one thing. At $75 - $80 CAD$ for synthetic COS is probably surprisingly profitable. This company isn't going anywhere. When synthetic was at $50 CAD COS was in trouble. How long did that last for? A month? 6 weeks?
This is overdone though try telling that to the panicking seller right now.
But what are they panicking about?