Post by
Unlucky13 on Feb 10, 2021 7:20pm
Time to go short I think
Dow Jones price to earnings is north of 24, levels not seen since the dot com bust of the 2000s. The Saudis and OPEC plus will reopen the spigots soon to profit, oil stocks have also run up too much too fast. The relative value is there but an impending Dow crash is coming and that will send oil down as a ripple effect.
A major research firm that eludes me but was just on BNN sees this as a supply issue and once the Saudis start pumping we go back to the $40 oil environment. Demand is not ramping back up enough to offset the massive supply that will renter the market.
Comment by
deepblue on Feb 10, 2021 7:48pm
One step ahead of you. Shorted at $1.08
Comment by
ManitobaCanuck on Feb 10, 2021 7:57pm
Lol WTF , Was this supposed to fall to 38 cents ,then to 68 cents and now ur at 1.08$
Comment by
Stalkhouse on Feb 11, 2021 7:02am
This post has been removed in accordance with Community Policy
Comment by
Stalkhouse on Feb 11, 2021 10:20am
This post has been removed in accordance with Community Policy
Comment by
deepblue on Feb 11, 2021 11:49am
Look at all the sellers..sub $1.00 today.
Comment by
deepblue on Feb 11, 2021 12:10pm
Any L2 out there. Lmao!!!
Comment by
deepblue on Feb 11, 2021 12:20pm
Now $1.01...hear it comes!!!!
Comment by
bigstar10 on Feb 11, 2021 9:15am
Unlucky13 you are still banging your drum here, wtf? All your intellectual predictions, lol Hope you get dusted once and for all in this market, how's that credit card debt, bahhhhbbaaa