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Sunday, March 8 and oil is down another 22 percent. Look for some bargains this week.
The Saudis appear to be bent on crushing small American producers, once again.
Will companies such as WLL get government assistance to stay in business?
Stay tuned.
Look for even lower prices tomorrow (Monday)
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Scott Wapner
@ScottWapnerCNBC
Mark Fisher tells me oil indicated to open below $32 a barrel tomorrow - a stunning $9.50 below where it closed on Friday. Sounds like it’s full on bananas in the oil markets...
If true, look to scoop up some bargains here soon.
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Scott Wapner
@ScottWapnerCNBC
Mark Fisher tells me oil indicated to open below $32 a barrel tomorrow - a stunning $9.50 below where it closed on Friday. Sounds like it’s full on bananas in the oil markets...
Could be seeing some really low lows here...and I'm waiting for 'em.
Meanwhile, as Bloomberg correctly notes, "with demand being ravaged by the coronavirus outbreak, opening the taps like that would throw oil market into chaos."
https://www.zerohedge.com/commodities/saudi-arabia-starts-all-out-oil-war-destroys-opec-flooding-market-slashing-oil-prices
The last time CLR was in this low area, it ran up smartly and for a long while.
This is another opportunity to get some cheap.
Do you have a link for that?
Wow, what a crushing today.
https://www.cnbc.com/2020/03/06/oil-sinks-5percent-to-multi-year-low-on-uncertain-opec-deal.html
Oasis hit 80 cents. WLL also new lows. Chesapeake is at 20 cents which is absurd considering their assets...it should be trading at $2.50 or so with that and it's not going bankrupt--reverse split, yeah, but no bankruptcy.
The problem is it's very difficult to buy any of these with the thick atmosphere of FEAR clouding the issue.
Not looking good!
Jack be nimble, Jack be quick.
Yeah, that's probably it.
Low energy prices should benefit the miners, too. Need to see a bounce here and now we're getting a little one.
Or it could be bought out. Whiting has more going for it than some (Oasis, for example).
It's droppin' with the Dow--which is now down almost 900 points.
But it shouldn't be droppin.' Gold is money, not a commodity and it should be a safe haven in troubled times. It should be going up--and gold IS up, but not JNUG. Something's not adding up.
I didn't think they'd cut rates because that would be an admission of how bad things are...well, they admitted it and JNUG popped. Why the drop? Anyone have any idea?
I'm scratching my head...who can explain the sudden drop--it's going down like an anvil dropped out of an airplane.
So I lost on JDST now losing on JNUG. Serves me right for guessing wrong, lol
Now JNUG Is falling back fast. What a shocker.
I got crushed by the dust, lol. JDST, that is. Let's face it, a lot of this is guesswork.
Got back into JNUG, though...making a tad back.
I dunno--I got back into JDST this morning. The gold bounce should recede next....then back into JNUG in the mid 40s.
Typical 'kick 'em when they're down' junk. When buying, they tell everyone else to sell.
Well, that's too bad because JNUG is having a nice bounce now. Still, it's still a slaughter.
It's a beat down of historic proportions. If JNUG continues to go down like this it will be at zero within a few days. (Of course it won't do that, but wow)
I'm out--nice profit with this. For a change.
I'll wait to see how things settle out next week. The market is due for a bounce.
Gold down over $50 today...that's the reason. Seems odd, though.
I'm still holding. I'm surprised there aren't more posters here. Maybe because this has been crushed for years and multi reverse splits. The market always punished those who held UVXY for more than a day or two.
Is it different now? Sure looks like it.
Normally I would never hold this for more than a day, but let's see if my money doesn't go away tomorrow...the market looks terrible right now.
Anyone here making money on this?
THIS MISERABLE SCAM IS GOING TO NO BID!
This SCAM dumped trillions of shares on dupes lured in by GYST's huge whoppers about gold in South America. They relentlessly dumped shares, then had several reverse splits and dumped again into oblivion. Remember this if they try to restart this scam.
This hot garbage is now cold, quiet garbage.
"You guys ran this up initially and were very bullish."
I didn't run up anything. You must have me confused with someone else.
No bid by Friday. Get out of this scam tomorrow or look at this ticker in your account for years and you won't be able to dump it.
Martin Armstrong has predicted 30K--there's no where else for the QEs to go...
The march to DOW 30K
Take a look at TSLA. Pure insanity.
Yet...it can all get even more insane. TSLA could continue to go parabolic as long as people keep shorting it.
Liars, scam artists, and futility is what this one has to offer.
It will go a lot lower...don't be surprised to see a massive reverse split...then selling will begin anew.
You would think....but no. As long as their debt dollar has value, they will use it to suppress gold and silver. By doing so they think they're sending out an economic signal that everything's A-OK.
TSLA, a globalist-favored junk car company, can go up $125...IN ONE DAY...and be more valuable than Netflix....but silver isn't allowed to go up even a tiny bit. Nosireebob!
.0003 is outrageously overbought, ha ha.
This is going to no bid. It would go even lower than that if it were possible.
Even the most obvious scams get a bounce sometimes....not this one! This ranks among the worst scams of all time.
And fake 'short squeeze,' lol
The better question may be 'who is selling here?'
Only with a massive reverse split, lol
Could see multiple pennies and fast.
As long as their debt dollar has buying power, it will remain effective.