My last post on X:
For all those who mock me, I am the one holding no oil and gas stocks since last Thursday while your brilliant buy/hold strategy has the value of your investment in these stocks steadily falling. And this is just the beginning as WTI moves to <$70 very soon🖕
Oil at just under 81$....looks great compared to earlier this year, where it was what? near 60$? And there is, if all goes well, a shit ton of work to repair the machine that Iran and Trump broke...months, and months. Sell me your shares.
To all those who insult me for changing my buy or sell calls when I see oil fundamentals change, I trust the continuation of last two days corrections in oil stocks that will likely accelerate tomorrow and beyond will not bother you at all.
Last Thursday I stated that the risk/reward for holding oil stocks clearly indicated that I should be in all cash. This move did not go over well with the buy/hold guys.
What a huge mistake I made. I now can’t participate along with them in the collapse in oil prices/oil stocks.
Your right. I have some XOM, CVX, and TTE. Part of a balanced portfolio. I will make more on my non oil holdings than I lose. You jump around, anyone following you gets hit with taxes on gains and unrealized losses. Get a life
That’s no fun! YOLO into everything calls like a true degen! You only live once asshole! Have you ever even spent a day on a lease!?! Let’s get this party started at diamonds in GP! The only strip club to survive the scamdemic!!!!
sure you do, cause there is no way you are going to buy and hold for 10 years, whatever you buy tomorrow on weakness will be sold before weeks end. We can bank on that.