Post by
Storny on Dec 07, 2023 6:36am
Greed of the Institutions
In my Nov, 15th post, I noted the greed of the Institutions and that the price will test $6.25 again. Although, I was assigned at $7.75 for 23,700 shares on October 20, I was also "Stuck" with 4000 shares which were purchased at $7.86, covered by Options.. Not eating any hero biscuits , but the lesson is to have the discipline to wait. Now, the plan is to "Pyramid" the purchases re 20%-35%-45% of my funds. In my opinion, we may see prices in the upper $5 range, thus the largest purchase is planned for a price close to $6.00. It will be a long time before we see prices over $7.00. Nervous in Windsor......
TTFN
Comment by
Tradestay on Dec 07, 2023 8:42am
$7 will be back shortly, oil price will increase where it is does not match fundamentals. WCS spread tightening starting TMX line fill happening. OPEC cuts in Q1 should put the market in deficit. Those producers lost billions when the price tank $10. Let's see my thoughts only.
Comment by
meritmat on Dec 07, 2023 8:50am
TMX fill is not happening. This is delayed into second qt by the sound of it
Comment by
egee on Dec 07, 2023 10:29am
We're well beyond if and now when. ask me how it's going august 2024 they will be begging us for moooooorre oil
Comment by
loopsbutterfly on Dec 07, 2023 8:53pm
TMX is happening if they cut the dividend otherwise they will pill on debt