don't get caught holding short
some of the tools here were shouting fire here last month. since then EXXI is up 40%. man these tools lost big time shorting oil stocks and this is nothing yet. just wait until summer, oil stocks will be trading double from these levels today. EXXI is easy 10.
Bought 5K last month at around 6. Already up almost 40%. Then I received an email from the broker, today received $2500 dividend. Go LRE. Oil has been going up slowly. By summer, LRE will be trading above 12. Lots of shorts to cover oil stocks.
Those hawkish talks about oil going to 30 is purely a mind game and not reality. Load up oil stocks. Gas at local stations have gone up 40 cents a gallon last week (in the 30 sq. mile area I checked). Smart people know oil cannot stay this low for more than a few months.
Nice job. You may cover at 70 by the end of this year. Everybody knows that this dive in oil prices is a political scam. Oil will be manipulated above 100 in 2015 itself.
Vnr and other oil stocks may double from here. heavy short covering ahead