RE:RE:RE:RE:RE:RE:RE:POSOh boy, someone's just upset because they are losing huge on Veren. Don't fret little boy, everything will be ok. Just a few examples for you to digest re how Veren does not accurately follow the sector, yet HOU and HOD follow it to a tee, which is the only point I'm trying to make here...
Veren yesterday -6.35%
Oil yesterday -3.60%
A 3 point discrepancy
Veren Thursday -5.01%
Oil Thursday -2.13%
Another 3 point discrepancy
And even more blatant was July 25th
Veren -2.38%
Oil +1.08%
Oh look at that another 3 point discrepancy!
Get the jist now? If you want an accurate following of the sector, as the trend is usually your friend, then trade HOU or HOD which follow OIL. And stop putting words in my mouth re buying every low and selling every high. I didn't once claim this so called genius pal. All I'm saying is if you want a more accurate trade with respect to how the sector is performing on a day to day basis, then stay away from Veren and trade those 2 aforementioned names.
'GOLD THERE IS AND RUBIES IN ABUNDANCE, BUT LIPS THAT SPEAK KNOWLEDGE ARE A RARE JEWEL.'