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Nothing goes straight up dudes. You're not going to wake up tomorrow and see 75 oil.
Down almost a buck.
So they found Donald Trump?
My bet is, they won't raise yet again.
No problem. That's why god created stop orders!
Nope. A bull that missed the run-up here. Elsewhere I did great!
SDLP was in the 12-13 range for a while before the big drop, not really reacting to oil's plunge. Probably will pause there for bit and if it breaks through, I'll be a happier camper than I already am at this point.
I bought a shit load of it too. Still can't believe I missed UWTI on this run. DAMN. There will be a heart-stopping back track at some point though. A run this steep is unsustainable.
Nope. I thought one more downswing. WRONG! Not to worry. Oil swings big. I did load up on SDLP though.
Don't forget how volatile this thing is.
Just bought a crap load of SDLP. I wanted it in the 8's. They just released great financials today and forecast to "weather the downturn" in oil. As long as they don't cancel the divy, it should hold up. Time to sweat now.
If the naked candle system works as usual, it will test 40ish. Once in a blue moon though the nakedness will remain uncovered for a while. I have a hard time buying at a buck after this run up.
What do you think the odds of a back track to 40 are? And, you thinking about getting some SDLP?
I hope it does tank. I want in!
Anyone here buy or add on the smack down to 8?
Unfortunately I missed this UWTI run up. That's what I get for paying too much attention to the Debbie Downers. If Oil backtracks near 40, I'll take a dip with a tight stop. The one I'm mouthwatering over is SDLP. .57 divy and it hit 8 from 12 bucks. Just trying to make sure this spike is not a trap. What do you think?
I also read that the Iran oil in storage is junk and hard to process.
Just a thought. The wild card could be the Saudis are tired of the game and will start cutting back. This could be a rise in anticipation of that. Again, don't check your inbox, 'cause they ain't gonna tell you before they do it.
That's the key though. 40 separates the men from the boys. If 40 holds...before the last run, the Debbie Downers hammered away. I said nobody would get a memo on a rebound. Nobody did and it went over 60. Not saying that will happen this time, but...
Not switching horses yet?
Ryan- You still out there somewhere?
Went all cash last Friday. Smelled the DOW dump coming. Bought a little GPL today in case gold related stuff bucks the trend.
Been under 38 already so no shock at all.
HAPPENING NOW!
Annnd cue the dump!
I dumped this @11.20. Now 8.30. Kind of risky in that they might can the divie like Transocean just did. Would be awesome though to get a ton of shares cheap down here if they keep paying that .57 quarterly. Just waiting for some sign of oil turning and then L O A D U P.
A drop on a draw...go figure.
What time's the report?
I hear ya, but when someone is crazy, I don't know that they're thinking about the consequences when they do shit like this. Crazy is crazy.
Yep, not sure it's safe to go in the water here yet. The bold though will catch the bottom at some point.
MW Two television journalists shot on the air in Virginia
What are the odds that the overall market $ will flow into oil simply because it's been beaten down. I still see the DOW hitting 15K. At least. Possibly they can go inverse of each other.
I hear ya. Have to keep in mind though that the market often anticipates events. The last blast off... nobody got a memo first.
I'm seeing a lot of these headlines this AM...MW UPDATE: Apple's stock bounces sharply, as analysts say China concerns are overblown. What's the strategy if WTI is not hammered before the bell?
13K is not far fetched considering it came from 8K IMO. It's been long overdue for a serious correction.
Remember, it didn't sell off Friday at 2. If it doesn't again today, might be a sign the shorts are letting up.
Good one, but there's a gap @6.10 that will get filled if the DOW takes another shit and it probably will.