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Post# of 17737
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Bobwins

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Bobwins

Re: Bobwins post# 17261

Tuesday, 05/02/2017 12:44:19 PM

Tuesday, May 02, 2017 12:44:19 PM

Post# of 17737
SND -.12 to US$11.98 Sold out today. Bad timing, bad kharma, bad juju, BAD whatever! Picked the wrong time to go contrarian. Peaked at $22 in March due to enthusiasm over OPEC cuts, chopped in half over pessimism about US shale production overwhelming OPEC cuts.

Oil inventories continue high in the US. Demand is picking up but not enough to work off the inventories anytime soon. I was expecting more demand but at this point not going to wait around to see if I was right.

Price says I was wrong. Damn, I liked the mgmt and their approach. May come back to SND when outlook improves. Maybe Putin will voluntarily reduce production by a couple million bpd! Hey, I can dream, right...

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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