then we linger between $44 and $50 for a year or so.
and bounds. In mathematic terms it's called "geometric".
aventor--I only post facts, not make believe trades. Noted on a couple of occasions that I bought in too early on the WLL sell off and that I am now underwater. I don't have to make up trades to sound like I make money all the time. Simply post the truth. As for being short, I only wish I had shorted instead of went long. Never dreamed oil would fall this far this fast, but wow was I wrong. No longer sure where the bottom is either, but if Putin stays popular at home he won't quit and neither will Saudi Arabia. Could get interesting.
Face it sync, you don't post your trades real time. Only generalities like your own example above "I own it"--wow, now that is really posting your real time trades. Only thing dreamed up sync are all you make believe after the fact gains you boost about. So simple, even a cave man can see through it.
Have a Merry Christmas!!!!
You win, I can't out truth your make believe world on a constant basis, I don't have the time. And why would you lie again in your response referring to me as having said WLL is going to $5. It is endless with you. Beware of the pumpers folks, they can make one make very bad decisions. Especially when they are always telling you about all the money they made. Just simply beware and don't be influenced by them.
Told me you would be buying the open today if oil was up. It was up. But as always, you refuse to post your real time trades, only posting your make believe ones after the sessions end. Anyone paying attention has caught on to you. And YOU are the name caller. Did it in the post right above, again, caught in your deceptions.
But he will be posting about making big money today and what a great investor he is by the close. Lesson, be careful of the pumpers, they can make you not think straight.
It is easy to see, you post AFTER the fact how good you have done. Post real time or quit your endless bragging.
Liberalism destroys everything it touches a33, and this is no exception.
"Real Time". What a joke. You post your big gains each time you boost AFTER the trades have been made earlier in the day or even the day before. You are a trailer trash investor who likes to sound important by posting big gains each day after the market is closed. LMAO at you and your bragging macho postings.
Sync, start posting your trades when you make them instead of after the "fact" and you will have some credibility. I bought 1 million shares at the open today and closed them out near the close. Wow, what a trader I am. Look at me, the smartest guy on the board. Nobody believes the end of the day bragging BS. Now man up and post your trades WHEN you make them. I doubt you will do such, but would be fun to watch, considering you brag at the end of the day on how great a trader you are with NO PROOF.
Lots of people lost money too I would bet. I am sure you always do well, 20/20 hindsight investing makes millionaires out of most of the folks who practice it.
The question should be: as oversold as oil was and with the bounce in the Dow mid day and oil basically staying unchanged how come the oil stocks did not have a substantial rebound and why could they not hold their gains?. Easy, oil is DEAD MONEY for a long long time in the minds of those who buy stocks. Maybe they are wrong, but they are not willing to bet money on being right.
"so you think oil will stay $50 or below forever" was you quote which obviously references today. That is 3rd grade English. You might have missed it to.
It is worth one hell of a lot less than it was when oil was $100. I would bet the accountants will be forced to mark it down by at least 40%.
Grape was referencing the value today sync. No, oil won't stay $50 forever, that's why land values don't stay the same. 3rd grade math. You must have missed it. Oil could be $125 or $25 in a year, and the land will be priced accordingly. If you think it is worth $10000 an acre today I have some oceanfront property for sale in North Dakota you might be interested in.
Bakken drilling will be non existent in another 6 months if oil stays in the $50's. Oil wells all around the nation will be getting turned off. Oil does have a bottom, and it will be somewhere between $45-55 IMO. Will take a while to settle out. Already seeing some of the wells shut down in the area in which I live. Unhedged oil that is NOT profitable will be turned off immediately at these prices and that is true worldwide. That said, that is not going to help stocks like WLL go up, as they can't be profitable with cheap oil.