Post by
OilInvester on Nov 25, 2020 2:06pm
Why aren't we over .80 cents?
Whats holding this thing back. Oil over $46
Comment by
eXclusif on Nov 25, 2020 2:37pm
ya, i was thinking we'll close over 80cents today....
Comment by
topdown99 on Nov 25, 2020 2:38pm
It's only a matter of time , we could very well see $0.80 before the weekend .
Comment by
topdown99 on Nov 25, 2020 3:43pm
I only see the positive here , with 48M americans "driving" to grandma's for Thanksgiving dinner , next weeks EIA inventory report should show another good draw of oil and gasoline . Jet fuel consumption will also be up . As many people still traveling before the vaccine is distributed , imagine the pent up demand unleashed in 2021 .
Comment by
Maxmoe on Nov 25, 2020 4:13pm
Hmmm that story sounds a bit like unlucky junior. Lol. IMHO, you have too much money in one stock unless your portfolio is in the millions. Maybe you'd be less fearful if you owned a little basket of energy names. If it helps, forget what you paid for a stock, and focus on the current price and whether it's a "buy" at today's price. Good luck
Comment by
Maxmoe on Nov 28, 2020 2:40pm
Good for you BSD. My first share purchase was mitel. I lived near Ottawa and I knew a guy that knew a guy ... so I invested my life savings in the ipo , 300 shares at $3.50 as a teenager back in 1979. A year or so later I sold it for enough to pay for a nice used car, a nice engagement ring, and a nice wedding. worst trade ever. Lol. Should have kept the stock and traded the girl.