Post by
1234bmth on Oct 03, 2023 11:50am
Margin call cover
IMO people are selling oil stocks to cover margin calls because oil stocks recently had a good rally, but copper and gold stocks got hammered, so they may sell oil for a profit and keep their copper and gold stocks, and this has short term effect on oil stocks, If oil holds at current level we will soon see another uptrend in oil stocks.
Comment by
Nextlegup on Oct 03, 2023 12:01pm
a few margin calls and DOW down over 400 points... These energy companies will bounce on fundamentals at some point...WTI is up $1.23 as I type...yet mixed bag for companies... I must say...Having the traders whipsaw the price around isnt good for anyone as people begin to question the integrity and volatility of the market.
Comment by
Skylar1 on Oct 03, 2023 12:29pm
The share price up and down isn't as inportant as the price of oil , we have $90. oil, low dollar , bigger co. since buyout and nat gas is rising with winter coming , Money is being made and stock price will follow.