- 341
- 10
- Joined
- Apr 27, 2005
avg'd down in oil today
OFFICIAL STOCK MARKET & ECONOMY THREAD VOL. SCHOOL'S OUT
- Thread in 'General' Thread starter Started by dey know yayo,
- Start date
runningfishy
Banned
- 2,874
- 19
- Joined
- Sep 25, 2005
I don't know what type of exposure you play oil with, but ETFs on the wrong side, and averaging down is not really a good thing, unless you have all the patience in the world. Remember what was suggested?
You better pray to dear life that oil holds around $70.
But all you can do now is continue to buy the dips and wait. I will tell you this, that we are in a bung hole. W/ massive sell offs of western equities, and even the coveted and beloved 'shanghai' index in trouble, you've got to watch the signs.....
I WOULD NOT be surprised that we possibly see a 3-5% into the close. LOL @ SEC, CFT saying it was a fat finger, it wasn't. LOL Maybe though, who cares..
- 341
- 10
- Joined
- Apr 27, 2005
i have a long-term horizon and i am patient
i appreciate your advice fishy
i appreciate your advice fishy
- 2,631
- 11
- Joined
- Jan 9, 2007
Citi is killing me. I bought it at $4.08, watch it jump to $5 (would have sold at $5 if I didn't have an all day meeting at work), and now it's in the $3.90's.
Oil is at $71. Is it a good time to buy?
Oil is at $71. Is it a good time to buy?
runningfishy
Banned
- 2,874
- 19
- Joined
- Sep 25, 2005
I took a 1/2 position into oil today. If it sinks under $70, that is 'bad' news.
- 1,531
- 10
- Joined
- Oct 26, 2005
been a bit fellas...got a good one that I have played many many times...just came with some good news before trading started today...
http://finance.yahoo.com/...3700054502.html?x=0&.v=1
has plenty of upside left on it, i would be surprised to see .01-.02 very very soon.
-J23C
http://finance.yahoo.com/...3700054502.html?x=0&.v=1
has plenty of upside left on it, i would be surprised to see .01-.02 very very soon.
-J23C
- 4,366
- 11
- Joined
- Nov 12, 2008
i've been lurking this thread for a while...can someone please explain why the euro is failing?
- 1,531
- 10
- Joined
- Oct 26, 2005
hit .011/share today, i wrote this when it was at .007 ...more upside tomorrow and possibly wednesday, then a slight sell off...
-J23C
- 3,223
- 2,309
- Joined
- Mar 27, 2005
Warren Buffett's Berkshire Hathaway Sells Lots of Kraft (And Other Stocks) in First Quarter.
http://www.cnbc.com/id/37193732
http://www.cnbc.com/id/37193732
- 967
- 10
- Joined
- Nov 30, 2007
My man.
- 4,122
- 640
- Joined
- May 19, 2005
im thinking about buying faz
- 21,365
- 812
- Joined
- Nov 20, 2003
Anyone hear about ETFC reducing shares?
- 967
- 10
- Joined
- Nov 30, 2007
Had 50000 shares and was up 200+ midday now it's dead even...
I knew I should have sold.
Do you think it'll be back up tomorrow?
- 967
- 10
- Joined
- Nov 30, 2007
double post
- 967
- 10
- Joined
- Nov 30, 2007
double post
runningfishy
Banned
- 2,874
- 19
- Joined
- Sep 25, 2005
Originally Posted by awon23
Had 50000 shares and was up 200+ midday now it's dead even...
I knew I should have sold.
Do you think it'll be back up tomorrow?
I do not think so. For one, I don't bother w/ penny stocks, but what I think doesn't matter. Implications point to a 'possible' sell off, and another day of 'volatility'. But indicators show that it's gruesome, and when doubt arises in 'any' way, stocks tend to sell off and trend lower, as evident.
Btw, why do you trade on someone's opinion?
I apologize, but I do not think you will like what your account will tell you tommorrow. You will not have a chance to sell, if you do, it'll probably be at a lost.
Oil is not looking good, its gap would have destroyed by now, especially that head fake.
I feel so sorry for the people buying and averaging down into oil exposure, you simply cannot reverse the gap. The decay would destroy you.. I warned, but people have their lifetimes to 'hope'. Hope Teddy is okay.
- 341
- 10
- Joined
- Apr 27, 2005
i'm fine lol, i don't know what kind of perception you have of me, but i do not have the cash flows that you may think i do
im only down about 800 ..my exposure is about 40% of entire portfolio
not even down one pay cheque ..oil will probably hit mid 60s like you say, but it will recover...yes i didnt listen but what can i do, im not selling for a loss
news says OPEC needs oil to be 70-80 to fund projects...they will hold an extraordinary meeting if oil keeps retreating
im only down about 800 ..my exposure is about 40% of entire portfolio
not even down one pay cheque ..oil will probably hit mid 60s like you say, but it will recover...yes i didnt listen but what can i do, im not selling for a loss
news says OPEC needs oil to be 70-80 to fund projects...they will hold an extraordinary meeting if oil keeps retreating
runningfishy
Banned
- 2,874
- 19
- Joined
- Sep 25, 2005
I just hope you are okay and that's good. I am going to use oil as a 'bull' bounce hedge, but good grief, the gap is just killing me at times. It's straight crap shoot.
- 967
- 10
- Joined
- Nov 30, 2007
I actually got to sell it this morning for .012 cause I had put in an order last night so I actually made some money, thank God.
And I wasn't trading solely based on your opinion, I just wanted some secondhand info. Thanks btw.
And I wasn't trading solely based on your opinion, I just wanted some secondhand info. Thanks btw.
runningfishy
Banned
- 2,874
- 19
- Joined
- Sep 25, 2005
I am nothing bro, but glad you were okay. The V signals an impeding reversal. A lot of suckers are trying to short, but I see otherwise.
As of today, WEDNESDAY. I am LONG OIL (for a bounce), and S&P stocks. Of course I USE STOP LOSSES like I USE LOTION when I FAP.
We shall see. .
- 1,531
- 10
- Joined
- Oct 26, 2005
AWON,
glad it worked out for you..
i managed to move some shares i bought last week for almost a 1,000% gain...i was just shy of letting 1m shares go around .015 when i bought for .0015
still, there is a sell off on this one, but i predict that there will be a new resistance set around .01 (when for the past 7-10 months it has been .003-.005ish)
that news about the share buy back absolutely rocked the stock!
-J23C
glad it worked out for you..
i managed to move some shares i bought last week for almost a 1,000% gain...i was just shy of letting 1m shares go around .015 when i bought for .0015
still, there is a sell off on this one, but i predict that there will be a new resistance set around .01 (when for the past 7-10 months it has been .003-.005ish)
that news about the share buy back absolutely rocked the stock!
-J23C
- 4,122
- 640
- Joined
- May 19, 2005
lost 2 grand on gold..... im about to go back to doing pennys
- 341
- 10
- Joined
- Apr 27, 2005
sold over half of my oil ...if it doesnt hold at 65, then its in trouble
runningfishy
Banned
- 2,874
- 19
- Joined
- Sep 25, 2005
^^ bro. it was already in trouble..
300 point, gap down. yes its real...
300 point, gap down. yes its real...
- 5,485
- 14
- Joined
- Jul 24, 2007
Demand destruction game is back on. With an appreciating USD in this environment crude is too expensive even at $60.
Similar threads
