At what point should we be buying oil stocks
2014 Dec 2, 12:11am 9,809 views 41 comments
by zzyzzx follow (9)
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Done
2014 Dec 2, 5:02am
True definition of mean pricing. I'm sure there are more significant logical price points below or above 59.57 I could find if I wanted to put some real effort.
indigenous
2014 Dec 2, 5:04am
Don't know what you are talking about, OPEC is betting the price will go back up to around 100
Done
2014 Dec 2, 5:14am
65.02 is also a "mean" price. Those 2 price currently are more powerful then OPEC and their bets and wishes.
Done
2014 Dec 2, 5:28am
Price is in the process of testing mean starting yesterday when it hit 63.72.
http://stockcharts.com/freecharts/gallery.html?$WTIC
indigenous
2014 Dec 2, 5:29am
65.02 is also a "mean" price. Those 2 price currently are more powerful then OPEC and their bets and wishes.
Ceptin that oil is sort of like gold in that it will sooner or later (probably sooner) revert to the mean of the past.
Done
2014 Dec 2, 5:34am
eptin that oil is sort of like gold in that it will sooner or later (probably sooner) revert to the mean of the past.
Your absolutely correct.
The mean for gold is 1150 so you are absolutely correct just a little late for the party. lol
Done
2014 Dec 2, 5:39am
Actually 1150-60 is the current "mean" on the table being tested.
Longer term is in the 825 area.
indigenous
2014 Dec 2, 5:40am
I have no idea what you are talking about, if you are trying to be esoteric, congratulations...
Done
2014 Dec 2, 5:46am
Are you an options trader?
No, I'm not. I'm a trader mostly on the spot market due to the liquidity factor (volatility).
hanera
2014 Dec 2, 6:58am
Personally I'm slowly accumulating a position in COP. They have a good dividend and have some of the lowest shale costs of production in the industry. Which makes them well prepared to make money in a low oil price environment. I plan on holding long term
Just bought 100 shares.
Done
2014 Dec 2, 7:05am
Oil is possibly bottoming out for some short-intermediate trades.
I would have a plan for risk management, exaction in and out and wait for a confirmation of price before execution. My target would be in the 90 range to take profit.
Participate at your own risk, only you are responsible for your trades.
indigenous
2014 Dec 2, 7:43am
Mean Reversion
DEFINITION OF 'MEAN REVERSION'
A theory suggesting that prices and returns eventually move back towards the mean or average. This mean or average can be the historical average of the price or return or another relevant average such as the growth in the economy or the average return of an industry.
Oil related stocks seem to be on sale at the moment, and I am wondering what you think of some of the oil stocks.
Oil stocks are way too easy to get burned on. I have invested quite nicely in oil exploration stocks in the past. If oil really crashes and exploration comes to a halt these stocks crash big time. The oilfield companies lag the oil price and bottom out after oil prices start back up. It's much easier to see a clear trend and the investments involved means the trend moves pretty slowly. There are a number of funds that do oil exploration stocks. Go back and look at these funds in the 90's to see the price of oil vs the price of exploration funds.
Done
2014 Dec 2, 11:36am
What in that post bugged you bgamall4?
You did see that was 6mo. ago? right
9:15am Thu 3 Jul 2014
No I don't know anybody...lol I row my own canoe across the pond. I trade price... Yes I do try and identify and follow money flow. Do you know of a better way please tell me.
I count the cards, play the odds and draw my lines in the sand, plan and then execute the plan. The plan includes approx. 20% being wrong which I don't have to worry about cause its already a part of the plan and keeps me in the for game for the long term.
I listen to the fundamentals as background music and there is no question it's all manipulated.
zzyzzx
2014 Dec 14, 11:40am
Friendly reminder:
I am expecting a ton of tax loss selling in oil stocks as we get closer to the end of the year!
zzyzzx
2014 Dec 15, 7:49am
BP already below $35/sh!
http://finance.yahoo.com/news/oil-plunges-five-half-low-003929338.html
U.S. crude (CLc1) was down 0.3 percent in early Asian trade at $55.73 a barrel, after touching a fresh May 2009 low of $55.02 on Monday.
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Oil related stocks seem to be on sale at the moment, and I am wondering what you think of some of the oil stocks.
#investing