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Re: Frankestin post# 137

Friday, 05/01/2020 11:52:05 AM

Friday, May 01, 2020 11:52:05 AM

Post# of 151
Hard to say. I bought twice today after selling a couple of days ago at $8.20. Kind of like grabbing a falling knife today. But, I expect it to rebound. Gasoline went up .10 a gallon in my town yesterday. Oil prices seem to be climbing.
I doubt it will go below $5 again. Might get below $6 though. I'm not one to wait for a bottom or a top. I just go with what I think the stock is worth and in this case, what it will be worth in the not too distant future. I'm holding both MTDR and MRO (Marathon). Been swing trading both of them, but, will keep what I own now. Made some nice money the last month or so. But, I'm seeing a recovery because, as you say, states are starting to open back up, whether governors are allowing it or not.
Trying to figure the market and oils stocks in particular, right now, is somewhat difficult. I'm a bit down on what I bought today, but I'm happy for the long term and/or within what the year will bring.

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