Suggest Putting Oils On Your Radar

Scataphagos · Mar 6, 2020

Getting pummeled.

I bought 1 Million shares of Citibank for $1.02 in the last market trashing. Might see something juicy like that in the oils this time around.

FWIW...

traider · Mar 6, 2020

Is that with client money or your own?

Scataphagos · Mar 6, 2020

traider said:
Is that with client money or your own?

Why do you ask?

FriskyCat · Mar 6, 2020

HAL cut in half since start of the year.

Scataphagos · Mar 6, 2020

FriskyCat said:
HAL cut in half since start of the year.

Worse. Down nearly 80% from 2 years ago.

traider · Mar 6, 2020

Scataphagos said:
Why do you ask?

Easier to make that trade with OPM

Scataphagos · Mar 6, 2020

traider said:
Easier to make that trade with OPM

Before that question (I know, silly me)... someone would have asked.... "C went fro $1 to $80... and you made $80,000,000?

RedDuke · Mar 6, 2020

Scataphagos said:
Before that question (I know, silly me)... someone would have asked.... "C went fro $1 to $80... and you made $80,000,000?

If you actually bought it, you should know that there was reverse stock split on C 1 to 10, so in reality $80 is $8.

financial-markets · Mar 6, 2020

the guy actually think he can buy $1 in the rock bottom of 2008 and make 80 times his money? get real. C and many of the fortune 500 companies just making beta. 10 years long time in bull market and only 8x onver 11years.? lots of companie have shares increased just from the bull market on all equities..interest rates are low. only banks can borrow this cheap and lots of demand for mortgages. in real estate sector.
when interest rate is high. banks don't make money as people don't borrow money.
how can banks lose money if interest rate is 0%??? i don't get this. Banks are intermediary to borrows.
lower interest generate more profits to banks as more borrowere.
loans are assets to the banks

RedDuke said:
If you actually bought it, you should know that there was reverse stock split on C 1 to 10, so in reality $80 is $8.

S2007S · Mar 6, 2020

I agree....this sector is so hated it's not even funny. Unless oil drops to mid 1990s prices at under 15 a barrel but if that were to occur it would mean a full blown worldwide recession.