Post by
dogatcat on Nov 16, 2023 10:24am
Question: When do you want to buy CPG?
We know for a fact the CPG will go up and go up large when oil prices rebound, which we know they will. Anyone believe oil goes to $70 and stays there or really goes much lower givent he geopolitical situation in the Mideast??
So when do you buy CPG? You buy it now when prices are depressed and wait for it bounce back as we all know it will at some point in the not-to-distant future. Now we can debate entrance points and prices but the best way is to average in over days or weeks. If you get this anwhere near $9 a share, you are going to do well so don't wait to long. One rocket from Hezbellah can change the oil market in an instance.
Welcome to investing 101.
Comment by
mbuch on Nov 16, 2023 11:39am
I would wait for low $8's, maybe even high $7's... $8-12 range bound in this manipulated world.