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Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,542
71,466
Unless they go under.

Nobody makes money when oil is under $40/bbl.

Not Russia. Not the Saudis. And certainly not the petroleum companies.

Gas dropped to like $1 a gallon at the pumps. That is money NOT going to these publicly traded companies.

Word is Russia agreed to scale back so there might be a light at the end of the tunnel. If eveything quickly returns to normal - there is definitely a lot of money to be made because some of these guys got SMOKED.

Hope you make a fortune.
what about peak oil though

anybody remember that?
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,414
57,814
what about peak oil though

anybody remember that?
Well, they aren't worried about that.

Saudi and Russia have produced so much while we are using so little that there is literally nowhere to store it all.

Maybe they'll put it back in the ground.
 

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,542
71,466
Well, they aren't worried about that.

Saudi and Russia have produced so much while we are using so little that there is literally nowhere to store it all.

Maybe they'll put it back in the ground.
that is my fucking point bricktop

corona turned me heel FYI...expect insults and offensive behavior from ole rambo
 

Judobill

First 100
First 100
Jan 15, 2015
5,979
10,057
Lesson learned, when a cheap stock jumps 25% in the morning, take a little off the top.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,414
57,814
Lesson learned, when a cheap stock jumps 25% in the morning, take a little off the top.
I like to pull out my initial investment amount and let the "free shares" ride. I usually do that at around a 50% run up.
 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,004
123,331
Futures down 241 right now. Analysts predicting the market will hit new lows over the coming weeks. Going to be interesting to see what happens.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,272
I'll be DCA'ing on the way down, but what I'm holding is likely going to get slaughtered at the open. I wish I would have sold off Thursday.
Why not, now you get to buy it back cheaper.
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
Sooo low.


I've been thinking about the stages of recovery, who will recover most quickly and those who will lag.
The idea being some segments of hospitality may pop back fairly quick, take those earnings and invest
in those who will take longer.

According to the WTO that may be some of the major shipping companies.
I'm also thinking products for those hardest hit, kids right out of college, people in service positions, etc.. will take some time to recover and start buying again....so entry level cars, computers, etc..

Thoughts?


Le Chat Noir
©
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,272
Does anyone here trade futures? If so can you explain it like you would to a retarded 5 year old (aka me)?
 
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Wild

Zi Nazi
Admin
Dec 31, 2014
85,004
123,331
I think we have a big drop coming.

It would make no fucking sense whatsoever to shut this country down for 18 more months. Fuck, I don't think it makes any sense to keep it shut down past May 31st. We can't do that. People need to get back to their lives. Businesses need to reopen. These politicians are playing a very dangerous game.
 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,004
123,331
Shockingly my holdings were only down $56 today. Made a nice turnaround from the morning.