GREY:BNKPF - Post by User
Post by
wittmannon Dec 20, 2018 12:18pm
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Post# 29141033
Tax loss
Tax lossTax loss selling and the huge drop in oil lately ,makes me wonder that even with a great update,it won't lift the share price.I wish they would rather delay the news until next year.This year has been the worst for stocks ,and how they fell(especially oil)..in the 20yrs I've been investing.Some good oilco's have hit all time lows..that's 20 YEARS.Its beyond comprehension I expect a decent rebound in oil next year as it is a fantastic tradeable commodity
There's simply too much money to be made by buying and then shorting oil...all by major players of course...and if one looks back at the excuses made by analysts over the years..they only express opinion based on the day..proof that they know zero about tomorrow.
We retail investors have always meant little as well..except when some pinhead sells a few K of any given stock..only to see nobody hitting the bid.
That's what's killing the oil market now..it's all sell and no buyers.