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$tockfather

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$tockfather

Re: Sgreg post# 1117

Wednesday, 01/13/2016 2:08:17 PM

Wednesday, January 13, 2016 2:08:17 PM

Post# of 2606
Yes I agree that based on technicals SDRL is screaming oversold along with WTIC as well. Oil prices cannot continue to drop forever, right! I have waited awhile before deciding to buy into any energy stocks, but we all know that predicting a bottom is always very difficult. I told myself I would wait until oil hit $30 before starting to buy into oil. Its still very possible that we could see the price fall as low as $25, and if it does, thats where I will be adding to my position.

And if oil falls to $20 like some have predicted or even lower.... Then may god have mercy on us all. lol

BOL;)

Trade with focus and then you'll see everything move in slowly!!

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