patrick.net

zzyzzx says

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.

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.

Friendly reminder:
I am expecting a ton of tax loss selling in oil stocks as we get closer to the end of the year!

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.