Now Its Time To Buy Dug!!! Goin "all In"!!!

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Port1385

Haha. Not goin "all in", but I think I have finally found a good entry point for DUG. I just have this feeling that oil is coming down a ways and so will the XLE.

Sorry for the overconfident subject line, but I feel good about this trade.

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Im holding this one, I bought this twice, averaged down, missed my next 1/4 buy at $25 when it dropped to $25.41 and bounced back to 30+. Still only have 50% of a position in this. Also in SMN, adding more in that position soon as well.
 
Quote from stock_trad3r:

Oil does seem poised for a rebound.
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A rebound back to 130+ and then beyond if it does rally past 135 will cause the DOW to pull back at least 3%. If you want high oil prices expect a pullback in all equities the next time oil breaks out to new highs. You cannot be bullish on stocks with oil at new highs and gas at the pump nearing $4.50 for Regular. Look at WMT, SSS are doing great because the avg consumer is now looking to save money on anything possible due to high energy prices.
 
Quote from S2007S:

A rebound back to 130+ and then beyond if it does rally past 135 will cause the DOW to pull back at least 3%. If you want high oil prices expect a pullback in all equities the next time oil breaks out to new highs. You cannot be bullish on stocks with oil at new highs and gas at the pump nearing $4.50 for Regular. Look at WMT, SSS are doing great because the avg consumer is now looking to save money on anything possible due to high energy prices.
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If you plot gas prices, oil prices, and DJIA you will see that they have all risen together since 2002.
 
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