Post by
kavern23 on Jul 08, 2021 2:32am
The Markets...
What a wild week so far...trying to take some vacation but I f*cking can't with the action so far.
My general sense is OPEC is trying to stop the market from getting too frothy and going over 80 dollars...not in OPEC s best interest to have oil too crazy.
So I personally am not worried about an OPEC breakup which I think has sppoked some investors today.
I bought heavily today in OBE and Cj and it was getting nuts.
Started buying at 4.68 all way down to 4.45. Really don't have fear right now.
Think also OBE traders were trying to margin call people with the final downward push.
I sold IPCO on Tuesday at high so no flush out for me in OBE.
GL all and let's hope for a nice oil inventory report.
Comment by
kavern23 on Jul 08, 2021 2:39am
Goldman was also doing the 100 share buys under 4,50 today...really positive. Going to be choppy but OBE can easily roll up 40-50 cents in a day. Good results are coming...very confident in OBE"s new wells. I said IPO had insane wells and IPO press release confirmed it. Look at the forest and not the trees.
Comment by
BrownDog5340 on Jul 08, 2021 8:07am
I agree the Goldman purchases are positive. Can you please educate me why they are buying these small blocks?
Comment by
kavern23 on Jul 08, 2021 10:35am
Nice day so far...CJ and OBE are up nicely...my stock radar is still "tight"..... OBE market depth get's a thumbs up...