Don't be panic. Just cut yours shorter, and make me longer.
The short squeeze is very close. It is a good chance to average down. We are just 23 cent before the reverse.
Summer is coming. Oil producers can't stand people to get oil this cheap. If everyone keep buying and average down your cost, just imagine what will happen next.
However, I will keep buying.
Saudi oil country-own company ARAMCO IPO will push the oil price higher. Why? they want to get a good price higher. I don't think they will allow the oil price go lower from here.
Do I worry? not at all. The oil price will be over $50 before this July. Russia and Saudi can't stand this low price any more. We keep accumulating this stock for 2 years long term target. HK was $1.4 before RS, when the oil price was $50 last time. It is equivalent $7.0/share. It looks we have long way to go, but who knows? It may come sooner than you think...
Sentiment: Strong Buy
That article is a joke. That fool was paid by shorties to prevent oil related stocks going up too soon. We will see next month who is right.