In need of a support groupWell, after selling off half my holdings, I tried my best over the last couple days to sit on my hands, go cold turkey, and stay in cash.
Well, I could not resist anymore and bought em back late in the day today. 5M$ of SU, CVE, MEG, BTE, even some HOU.TO for a trade. CNQ is still too strong and hasn't fell as much as I'd like to see.
First time in a long time I couldn't sleep, knowing how bullish the oil fundamentals are getting, and me being only half positioned, even in the face of economic doom ahead of us. I can't say exactly when, but it is bound to explode up very soon, perhaps even before SPR ends. I can't bear not to have a good piece of that when it happens after being so long, for so long.
The indexes got hammered again. What a horrible week.
Oil is down 4% to an 85 handle. The OPEC+ 2mm bbl cut premium just faded after the news.
WCS discount is now over $30US.
Many good names got hammered 5-6%, plus another point on the US side due to currency exchange.
England is in trouble, flailing, as well as Europe.
It is Friday, and nobody wants to hold over the weekend.
There is blood in the streets. What a great day to go long and get some sleep. Most of you sleep better being out. I think perhaps it's just me.
Hello. My name is MigraineCall and I'm an oiloholic...