Long Run Explor Ltd Ord WFREF

phrases of stock market phases

[iwpete]

so where are we on the chart?

https://hedgecapital.files.wordpress.com/2011/07/investor-psychology-illustrated.gif
I think we are going through the double bottom phase and it looks to be over by about April. I hope I don't go broke by then.

[JonCom]

Realistically, it all depends on how quickly and to what extent the oil producers scale back production. THere have been mass layoffs in the oil sector. When the supply falls below demand, the price will spike and the companies will respond by drilling more oil. However, with the layoffs it wont be as easy to ramp up supply so there will be a slight lag.  Its hard to say where we are now. I

[iwpete]

Well said....  Porn stars and dentists is the way we express the mood in the oil fields.  And we're getting close.   Cause their the only ones left gonna to be doin any drillin soon.