RE:$87 Oil changed ATHDelusional. If you think sub 100 dollar prices are here to stay after SPRs are exhausted. Times for cheap energy are over. What we see now is the last convulsions of a dying crack addict who is draining himself of the remaining wealth in order to access enough drugs.
smallcaptdr wrote: Reality check to everyone who thought $100 Oil was here for good. It's amazing how the BB traffic changes and just last Thursday posters with no clue but 1000's of points for reputation were trying to sell everyone that ATH would hit $3.80. What happened to them or are they still here using one of their other usernames? If I had to guess I would say that 70% of ATH longs have left ATH because of the swings in the price of Oil and all that's left are daytraders that usually sell their shares by day end to holding none and I know this because that's how I trade most times and if I do hold its because I study where Oil is going because by the end of the day its Oil that drives ATH SP,
It was a month ago when I suggested buying HOD when Oil was at $110 and got slammed by near-sighted investors who thought Oil would stay over $100+ well whoever bought then is reaping the rewards myself included as the last 3 days post consolidation has gone up $0.65 -$0.67 and today $0.55 so it goes to show that Bear ETF paid off. So now I don't post any heads up just ATH, Oil, and NG because Oil & NG are a set and NG will suffer the same faith as Oil. JMHO (always DD)