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Good time to buy stock in oil?
:d
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1983 911 3.3L Turbo(YES, I know the turbo badge is on the right...had to be different!) 1996 Toyota Corolla(der 'clapper') |
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11-17-2014, 12:35 PM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Bouncing on 89.75 now. Last edited by sammyg2; 03-05-2015 at 11:03 AM.. |
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11-17-2014, 02:33 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,333
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I have some PWE, today at $4.17, down from about $23 in 2011.
I've been selling covered calls against it for quite a while now, I think I will stop doing that in the next few months. I actually bought a few PWE april 3s for a break-even of $5, time will tell. The funny thing about it is it's up and down 5-6% every day. You'd think it was a tech stock or something. I'd sell it if it wasn't so worthless. Funny how that works. I'm looking at KMI or HAL pretty hard though. I guess that's not necessarily "oil".
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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11-17-2014, 04:57 PM
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Location: Cambridge, MA
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Tru6 Restoration & Design |
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11-17-2014, 06:04 PM
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Join Date: Jul 2010
Location: Houston
Posts: 824
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I like to play with the oil funds ETFs that are more connected to oil prices. I made a good 50% shorting oil (SCO) from June when I got in (could have made 70% but I sold early). Now I'm in oil and a 200% oil index (USO/UCO) that is at a record low since 2008. Oil goes up....oil goes down. That's a constant in the universe!
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DD summer/winter: 2000 Boxster S DD spring/fall: 914-6 w/ 3.0L SC Dual Webers (For Sale) http://imgur.com/a/k0Wtl - My 914-6 Build/Project Story |
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11-17-2014, 06:09 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,333
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(disclaimer: Gogar does not have any positions in the stock mentioned in this post and as such his commentary is not considered and endorsement of the stock mentioned in this post, or any other security or even an insecurity. It should also be noted that Gogar does not have any idea what he is talking about, and as such he is a good candidate for membership in the PPOT community.)
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1983 SC Coupe 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII Last edited by Gogar; 11-17-2014 at 06:18 PM.. |
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11-17-2014, 06:11 PM
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Join Date: Jan 2005
Location: Houston (The Vintage), Texas
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-Tom '73 911T MFI - in process of being restored '73 911T MFI - bare bones '87 924S - Keep's the Porsche DNA in my system while the 911 is down. aka "Wolf boy" |
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11-17-2014, 09:25 PM
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