"Hold your nerve...it will recover this year."
I'll take the other side of that bet. You are most likely not going to $6.00 a share in all of 2015
Sentiment: Strong Sell
And they will probably be down on Monday as crude oil heads for $35/barrel. And I suspect oil will NOT have a nipple bottom. It will languish for months before turning up.
If what you say is true about interest rates, then buy the dollar instead of NRF.
But my humble opinion is the FED won't raise rates. I believe they are so trapped that possibly rates may never go up much ( 1-2%) in my lifetime. Compute the interest rate on almost $18,000,000,000,000
I'll just bet you have no idea why the dollar is skying the last 8 months. Therefore you have no idea why it will keep going up for quite some time.
But then you're pulling me away from the original point I made about not adding to losing positions.
I hear you but why keep throwing money into a stock that wants to keep going down versus buying one that keeps wanting to go up like UUP
I guess you never heard that wise investing advice.... NEVER KEEP ADDING TO A LOSING POSITION
$65 is tops for a stable price.
Why is it that no one is talking about how the world's economy's are slowing down and will use less energy?
EPD has been beaten down and now sits below the 200DMA which usually signifies a bear market in a stock. How low this will go is anyone's guess but I will be holding off buying ANY energy related stock for the time being. EPD could go into the low 20's very easily if crude trades in the 30's, which I suspect it will.
And what if this time is really different? That the world's economy's are heading towards depression? Most in Europe are hanging on by two words called quantitative easing.
I think you will find hedges may work at $80/barrel but not at $52/barrel.
If oil drops to the 40's as I expect it to, hedges won't help.
It was just a matter of time. Now the rest of these 'darlings" in the energy patch will follow suit.
Who is next? any guesses
"The market in general is very high,...."
Yep. But it is going much higher in 2015. Like I posted earlier on this thread. Buy an ETF on the Dow index and sit back with no worries. Or you could just buy one or two outstanding stocks that have beat the Dow every year by a WIDE margin for the last 10 years and reap capital gains instead of divvy's.
And why are you even talking about Sprint when you can buy ATT and reap almost 6%. Sprint is a speculation and a not good one. Leave that to the traders for scalping a couple points if they are lucky. Want a long shot...buy BBRY. But don't put too much money into it.
So.......................put a stop buy above some resistance level and sit back and enjoy life. When it turns the market will take you right in. Geeeesh. So simple. In the meantime the majority of this board keeps catching falling knives. Pick up a 17 cents distro and lose another 20% capital.
I got news for you. The rebound will not be violent to the upside unless the world's economy's pickup. GDP is a function of energy use.
" Prognostications of much cheaper oil are looking more and more likely to be wrong."
I think you will be proven wrong. My guess is $40 oil coming in 2015 and maybe even $30
Remember what I posted 6 months from now. Save it somewhere on your computer. Then tell me how I lost my credibility.
Many people posting here have stated they are already down 50% to 70% of their capital. How much more does it take to be officially bankrupt?
Here.......think this through. On a world wide scale as you needs to think globally today.
ENERGY USE IS A FUNCTION OF GDP.. Now tell me where the price of crude will be 6 months from now.
"Also, I know oil is going to rebound."
YOU DON'T KNOW THAT. You are hoping oil will recover. Just this morning on the futures oil is down again. And that my friend GUARANTEES much lower crude oil prices which means lower share prices for these energy stocks. And with that will come distribution cuts for all these "recommended" stocks like ARP, MEMP, LINE, BBEP, EROC , etc. They are going to cut distributions so why even consider these stocks.
Buy MO and get a 5% yield and sleep nights if you want safety. MO has beaten the DOW for over 10 years.
You're on the right side of the market. I personally see $40 oil and it could get to $30. If so, you will make a killing and the people owning these energy stocks will be bankrupt