Posted:
#1
So if i wanted to put some money into these rising oil prices. Which companies would be good places to invest some money?
Thanks
cd
Stock buying question
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Views: 341
Posts: 13
Posted:
#3
Integrated oil.
Even better than that would be the oil futures themselves.
Oil is currently 140ish, give or take a buck. Yes, for sure, it is technically way overbought and could easily sell off hard for a while as "speculators" take money off the table. If so, then triple up, cause I'd say by end of 2009, you'll be back over 140ish.......probably well north of 150, unfortunately. By end of 2009, very likely you'll see 5 rocks a gallon of unleaded, or more.
Sucks.
Posted:
#5
Thank you for the help guys.Clay whats the symbol for integrated oil? Also what i would want to buy is some oil futures for oil being over 140 a barrel in 2009, right? Can you give an example of how buying that works, with how much you could make or lose if things went good or bad
thanks
cd
Posted:
#8
Gambling is part of investing for capital gains. Even the large firms make gambles. Anyone notice the disclosure that GS made recently? They lost a ton over a short period making gamble/bets on stocks..I am sure they got trapped riding momentum stocks when the commodity winners went south.
Point being that I think when there is blood on the streets you have to take some gambles..and the obvious gambles are financials, airlines, transports etc..
Point being that I think when there is blood on the streets you have to take some gambles..and the obvious gambles are financials, airlines, transports etc..
Posted:
#10
It isnt about luck, rather picking spots, using stops and getting a feel for the stock in question.
Nobody picks winners all the time, I get my butt kicked plenty as some here know and I should sell sooner, let winners turn into losers etc.
Dont get down on yourself, tell us what you bought and at what price and I will see what I can do for you with technical and fundy analysis.
Nobody picks winners all the time, I get my butt kicked plenty as some here know and I should sell sooner, let winners turn into losers etc.
Dont get down on yourself, tell us what you bought and at what price and I will see what I can do for you with technical and fundy analysis.
Posted:
#11
Cd-
Oil is a slam dunk, man. I hate to say it, but the cost per barrel is going up.
Use the sell-off as an initial entry point core, and then trade around the core.
Oil could resume its upside at any second. Believe me. All that needs to happen is for Israel to even breathe in the direction of Iran, and oil will skyrocket at light speed.
DO NOT believe the sucker's rally from Tuesday and the sell-off in oil for anything long term.
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