Well said. Unrealized losses are losses. Anyone who says: "I haven't lost anything until I sell it", fools himself. Ask the guy that bought in at $90--he's devastated.
I can't bring myself to buy this stock. One might think that it is at a low, just because it has gone down a lot. I see it as a candidate for a hostile takeover anytime the share price is below $20.
A new oil bull market may be on the horizon
Yep, you read that right. Big downward revisions to oil output figures from Brazil and Iraq could mean supplies actually tighten enough to boost prices in coming years. CAN YOU WAIT THAT LONG?
That should be only 4.9 million compared to how many billions? Horizontal rig count dropped by 1. What's going on in the rest of the world. Et cetera.