Oil getting crushed. good time 2 buy

S

stock_trad3r

imagine how many speculators blew out thier account this week going long. kinda like the dotcom crash. 140 contracts+10-1 margin+falling oil=p0wn@g3

oil is going much higher in the kong term. Good time 2 buy now.
 
Quote from stock_trad3r:

imagine how many speculators blew out thier account this week going long. kinda like the dotcom crash.

oil is going much higher in the kong term. Good time 2 buy now.
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If this is kinda like the dotcom crash, why would we buy now ?
 
Like the dotcom crash in that a lot of speculators lost a ton of money in a short period of time.

But the fundamentals for oil are very strong which is why it is a good buy. This correction was needed to get rid of some of the speculators before the price become too parabolic.
 
I don't own everything I recommend or else I would have 30 or so positions and that would be excessive. Oil is a good long, but I would rather own MOS, CLF, AAPL or VISA because there is more upside.
 
Ok, so as I understand it, you expect others to heed your advice, but you don't actually personally take most of the positions you recommend.

Am I missing anything?
 
Quote from Ivanovich:

Ok, so as I understand it, you expect others to heed your advice, but you don't actually personally take most of the positions you recommend.

Am I missing anything?
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yea pretty much
 
To be honest i gotta congratulate stock trader for being bullish when everyone was bearish earlier in the year. Even though it was dumb luck he still got it. How long can his dumb luck last is another question... you still bullish stock? no need to answer
 
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