Saudis goal is oil between 30-50 for next 5 yrs as they diversify their economy....thus keeping mkt share and stopping u s shale.....80-100 oil price not feasible for next 5 yrs as it defeats the purpose of shuttering u s shale production oy vey
The problem is the Saudis don't want u s shale back on line.....so their goal is oil between 30-40 dollars for the next 3-5 yrs while they continue to diversify their economy...keeping their mkt share....to ley oil come back to 80-100 is not the objection..
about 60 dollars presplit...1200 shares became 8400 shrs...got scared going into fall sold 6400 shares at 100....2000 shares left will hold to 135...sell 1000 and keep 1000 for longterm....had inot sold I d have 128,000 more dollars today....but happy with my 300k gain in a yr and a half you never get in at bottom never get out on top
bot 1200 aapl at 440 presplit last yr....528,000 cost....sold 4400 shares of 8400 shares post split last week...at 101....have stop on 2000 of those shares at 100......will keep 2000 for long term....just feel like this will be a buy rumour sell news event....plus sept/oct...usually bad for mkt....dont want to ride it down again
shouldnt you be sitting in a dark room [no elect] with phones unplugged and toliets overflowing[no flushing on sabbath]
140 by aug 1,,,,,earnings july 21 a non factor remember its the future forecast thats important.....current qtr could see some weakmess as customers wait for the larger screen iphones in the fall....looking for 130--140