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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
About to pull the trigger here and fairly soon I’m thinking.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Dec 2006
Posts: 28,172
Campfire Ranger
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Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
About to pull the trigger here and fairly soon I’m thinking. I'm letting oil tank some more. I might get itchy when things get below 20,000. The outcome of the election is first. I won't do anything but hold what little cash I had left when I sold at 25,000. I'm too old for any prolonged "long haul".
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
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Joined: Aug 2005
Posts: 28,259 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,259 Likes: 6 |
Like I said yesterday, we've seen this movie before, and will again. Oil will recover, oil companies will recover, and there will be lots of money made on Oxy, Chev, XOM, etc. Nothing new here. Companies like Chesapeake have been mismanaged for years so they are a bad example. They are almost non existent here in the Permian. https://www.marketwatch.com/story/e...ly-as-crude-oil-prices-bounce-2020-03-10
Last edited by JGRaider; 03/10/20.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Apr 2017
Posts: 531
Campfire Regular
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Campfire Regular
Joined: Apr 2017
Posts: 531 |
It's been a wild ride, first major correction I've experienced as an investor.
I'm down significantly but it'll come back, just been steadily buying VXUS which is what I need right now.
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Joined: Oct 2005
Posts: 16,000
Campfire Ranger
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Campfire Ranger
Joined: Oct 2005
Posts: 16,000 |
I remember 1987. My father called his broker, but the line was busy until the market stopped going down.
My father never sold, and was back where he started a year later.... like it never happened.
In 1994 I asked my father how he made 20%/year on the stock market, while I lost 20%. He said it was because I got whip sawed after 5 months. He never owned any stock less than 5 years. i was a stockbroker in 1987. the real down was on a monday, but you could literally smell the fear in the air the preceding friday. for a whole week the system was so screwed up you didn't know if orders had been executed or not. i had a client with big cajones come in on monday, borrow 50k from margin, and put limit orders on various stocks. we didn't know for four or five days if they had been executed or not. they had, Withing about six months he had doubled his money. I asked him if he ever went to the horse races? I wanted to go too with him. More nads than i had.
THE BIRTH PLACE OF GERONIMO
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Yahoo! What a ride we’re on, Boys. Ain’t no horse that can’t be rode and ain’t no Cowboy that can’t be throwed.
Getting interesting.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Wait till Israel completes its natural gas pipeline to Europe vs Russia’s gas to Europe. Some sparks are gonna fly. Russia’s revenue is based upon oil, natural gas and arms sales. Knock out any leg of their 3 legged stool and...........,,,,,
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Feb 2002
Posts: 18,667 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2002
Posts: 18,667 Likes: 1 |
Today's chit show was WAY more about OIL than COVID-19. if you look at the big picture it is hard to come to that conclusion, without the epidemic, strong market forces would still be in force to right the ship. if there is global decimation, that won't be possible
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Joined: Jan 2012
Posts: 26,529 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,529 Likes: 3 |
Put yer helmets on, she's heading down.......
FJB & FJT
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Joined: Feb 2002
Posts: 18,667 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2002
Posts: 18,667 Likes: 1 |
I believe Trump will be re-elected regardless how rough the ride gets. no question, but campaign strategy is gonna be turned on its head
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Joined: Feb 2002
Posts: 18,667 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Feb 2002
Posts: 18,667 Likes: 1 |
BTW, if anybody wants to lapse into temporary depression, watch Tucker's monologue from last night
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Joined: Jan 2016
Posts: 95,727 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,727 Likes: 2 |
JG, what do you think of the retired head of Exxon saying oil would go to 20 this year?
Ecc 10:2 The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Jan 2016
Posts: 95,727 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,727 Likes: 2 |
Wait till Israel completes its natural gas pipeline to Europe vs Russia’s gas to Europe. Some sparks are gonna fly. Russia’s revenue is based upon oil, natural gas and arms sales. Knock out any leg of their 3 legged stool and...........,,,,, Naa. Trump is in Putins back pocket. Putin is playing him big time. Trump is on the run. Nothings being done.
Ecc 10:2 The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Sep 2015
Posts: 10,231 Likes: 4
Campfire Outfitter
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Campfire Outfitter
Joined: Sep 2015
Posts: 10,231 Likes: 4 |
Obama announced he is no longer responsible for the economy.
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Joined: Dec 2019
Posts: 17,222 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Dec 2019
Posts: 17,222 Likes: 15 |
Obama announced he is no longer responsible for the economy. Was he ever more than irresponsible with it?
-OMotS
"If memory serves fails me..." Quote: ( unnamed) "been prtty deep in the cooler todaay " Television and radio are most effective when people question little and think even less.
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Joined: Apr 2010
Posts: 20,683
Campfire Ranger
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Campfire Ranger
Joined: Apr 2010
Posts: 20,683 |
Obama announced he is no longer responsible for the economy. Now that’s timing the market ! 😳😂😂
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Wait till Israel completes its natural gas pipeline to Europe vs Russia’s gas to Europe. Some sparks are gonna fly. Russia’s revenue is based upon oil, natural gas and arms sales. Knock out any leg of their 3 legged stool and...........,,,,, Naa. Trump is in Putins back pocket. Putin is playing him big time. Trump is on the run. Nothings being done. Jag, ya reckon that the scchitt is about to hit the wall in Iran ? I see no help for them forthcoming from mutha roosha. I believe that we might be about to see the mother of all demonstrations there. Iraq, too, quite possibly.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Aug 2019
Posts: 1,701
Campfire Regular
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Campfire Regular
Joined: Aug 2019
Posts: 1,701 |
USO is the way to go... get em’...
I assume you're joking. USO has the majority of it's holdings in OIL FUTURES, not the most stable US oil companies that might survive. TRAIN WRECK........ I am not....
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Joined: Aug 2005
Posts: 28,259 Likes: 6
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,259 Likes: 6 |
JG, what do you think of the retired head of Exxon saying oil would go to 20 this year? I honestly believe nobody but God Almighty knows what will happen to any of the markets. The talking heads are wrong more often than they're right IMO.
It is irrelevant what you think. What matters is the TRUTH.
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