except the oil traders in the pits - We are still south of $30 - but don't let that interfere with the Groupthink
You might get some uptick... I would consider it an opportunity to sell - The strife between oil producers is enough to keep them all cheating.
Gotta pay the bills... This is classic case of trying to make the headline - move the price. We have seen that movie back in 2006/
You're right - and could be very right... Right Now...XOM is holding because of the potential to return to profits - and it has no debt. This is a risky model because it relies on the Saudi to bail (longs) out...and the Saudi hates Iran more - than any desire to see oil go back to 70.
Longs staring at the real-time quote - The news FLASH - Dividend Slashed! Just weeks before the shrill that is was safe - like a marble statue. Big Black, Doll eyes....dead eyes....rocked with fear...Run left? Or right? Just pure fright! Can't move....can't click that mouse! I have to take you all to the woodshed here...You became cultish on a ticker....BIG mistake. It's a stock...not your identity on Earth FFS!
She has been in touch with Martha Stewart getting some crash course in coping skills...radiator cooking... and working the cigarette black markets... etc - How to make a shank out of a tampon.