As Oil heads higherWhen Oil heads higher I'll be buying shares to average down I'm already into HOD for 225,000 shares and Oil will go lower at some point and I'm willing to hold onto my shares till the cows come home because lower Oil prices is a certainty. Just look how far Oil can fall in 7 months.
June 2008 Oil at $140 7 months later Oil was at $42.
June 2014 Oil was at $106 7 months later at $49
And Oil has dropped from highs many other times in a short trading range so one night we could go to sleep while Oil is at $120 and the next morning it starts to head down to $60 and because of the Global rate hikes happening in a month Oil could be easily under $100 and falling and thats why I won't sell but I will add because I'm using money that was made from other trades.
GLTA JMHO (always DD)