Last year it dipped to 38/barrel on the reuters index for light crude. I didnt have the balls to buy then . . . however this year i am seriously considering it.
bottom line oil was WAY over priced like every other item in the market, it went POP and fell fast, it hit a bottom then worked its way back up to a normal market price and now its sitting at that price.
65-75 is a pretty healthy price for oil to make everyone happy.
It will go up and down but you wont see any big movements again until the next market run.
^ As i recap over my past year of oil speculation, i cannot help but cry when i see the current prices . . . . i should have manned up when it was 43/barrel.
^ As i recap over my past year of oil speculation, i cannot help but cry when i see the current prices . . . . i should have manned up when it was 43/barrel.
Doubt it will hit 120 within 1.5 years, I doubt it will even break 100. If the market gets back on track with the rest of the country it might pop for a little bit while people like the ones in this thread jump on board, it will rise, but in the end it will come back down not long after.
Wahhhhhhh 43 bucks up to 70, I'd rather not trade oil because it pisses me off the idea of making money off something the world needs and if I win it means the world is getting screwed.
How about one of the other MANY MANY stocks that went 100%+ this year? Oil is one of the few and in fact one of the lower earners. It WAS in a bubble so it fell hard, a lot of other stocks were not in a bubble and are returning to normal prices.
If you want to cry about something look back at me and B pushing Sirius, I'm up about 400% this year.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.