I think so . OIL is bouncing right now. It does not have the steep declines it has had in the past. It could retest again as it has a couple times. We are close enough to make money right here. Nobody gets it exactly right in these steep over done declines. The smart money knows it over corrects both ways. Its the disconnect from the true asset values and market that provide the V bottom every time in oil. THE price per book brings in the experienced bottom fishermen.
its the first double bottom of the chart. Its a great sign and could make us very rich. We all understand the market over corrects to the downside and up side. WELL the time is right to tale advantage of the disconnect and the shorts know it and will follow the next up trend for a while.
Whats this fraud talk, Just because its a China stock? 80% of the stocks don't pay a dividend. This has been around for ever. no share holders have ever bought a China stock in total. Many have filled their portfolio with them. There are many great China stocks ... Many have made people rich. There is fraud over in China. Granted , but many good stocks also. With out proof you look like an idiot
that is great for us the surpluses will be used up faster. This is how the cycle goes and it will take time to start up again and drive the oil and stocks to new highs. We are looking great and will make money in a year and a half.
10 thumbs up... they have made a lot of money. They will be buying soon for the lift off........
company press is clear-Gulf Resources' CEO, Xiaobin Liu stated, "We are very excited and pleasantly surprised to have found natural gas under our existing well. We will hire a third party to conduct a survey of the geological structure and complexity analysis and the economics of the natural gas under this well. However, given the success of the Chinese National Petroleum Corporation in the same region, we are optimistic about this opportunity."