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Tuesday, October 06, 2015 1:19:29 PM
This one has long been a traders dream! up down up down up. Easy money for the best flippers and day traders with a winning plan!
In my case it is also a solid place to invest for the long haul safely, as we will not change to any other option for powering transportation very quickly.
I still think there is room for oil to dip again when demand can not keep pace with world supply and oil manipulation fails, or politics take over. ie Iran suddenly enters with huge numbers. Seasonal demand has a role to play too. This all makes it hard for anyone to know where oil is going.
Falling crude will also affect the share price regardless of logic, and as the company has explained, makes inventory cost adjustment necessary, which will affect the profit and payout.. GLTA!
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
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