Bought PUT options on these arnd $40 cause I followed a Stansbery analyst saying oil had much further to fall. Waiting sux!
Google Earth shows they're still building lots of oil storage tanks at Cushing, OK.
This oil trade is frustrating cause oil honestly isn't worth $30 a barrel we have over 500million in inventories
no one uses this message board but I'm just gonna talk to myself cuz I'm cool like that I'm pretty sure if you buy SCO over the next few weeks down here in the low 30s and just wait it'll be back up at 40 sometime
Got a great report from http://yugestocks.com/?s=SCO about $SCO. I did have to subscribe but it was worth the time. Thank you guys for the tip! Investing making money. Becker's law: it is much harder to find a job than to keep one.
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X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.8 In other words, the correlation coefficient of the other stocks
I'm confused about price activity on SCO. Given the supply overhang and pricing pressure on oil, why isn't SCO's price soaring? Seems to me it should be heading back to its highs of early 2016. What am I missing here?
🤔I was thinking bout exiting my position today but the volume is telling me otherwise. Once rate hikes go up that shouldn't be good for the price of oil since that would make the USD more expensive🤔🤷🏻♂️
Thinking crude still has some room to fall... too late to buy in? Seasoned traders of SCO, what do you think?
I found information on $SCO from http://monstastocks.com/?s=SCO. Had to sign up but got a nice research report from them. Making money investing. Brook's law: adding manpower to a late software project makes it later.
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Crossed its 50DMA on the way up to its 200DMA @ around $40📈
Wow am I the only one that noticed crude oil inventory today is 11million barrels over the forecast?! Can't see how this supply can be good for the price.