logo
Home Register FAQ Members List Calendar New Posts Search

Go Back   Forums > Penny Stock Picks (trading under $2.00)

Reply
 
Thread Tools Display Modes
  #1  
Old 06-29-2017,
ArielJeppe ArielJeppe is offline
Junior Member
 
Join Date: Apr 2017
Posts: 0
Default Tropics? Oil? Alberto?

You might see a small bounce in the price of oil simply because this TS will make the hurricane season the salient issue once again. This effect, if it transpires, can be equated to the hurricane report 3 weeks ago that made oil jump, which was completely unwarranted, given it told us what we all knew a year ago, 2006 would be above average.
Reply With Quote
  #2  
Old 07-02-2017,
ArcherStru ArcherStru is offline
Junior Member
 
Join Date: May 2017
Posts: 0
Default

I don't think oil should rise. This is a tropical storm, not a hurricane, and it is in the Eastern Gulf of Mexico while the oil refining and drilling infrastructure is concentrated in the western part of The Gulf. If anyone bids up oil on this storm they are effin' retarded and ought to be punched for the unnecessary rise in gasline that will precipitate.
Reply With Quote
  #3  
Old 07-02-2017,
ArethaLesc ArethaLesc is offline
Junior Member
 
Join Date: Jun 2017
Posts: 0
Default

Your statement makes sense, however this market is not making any sense. Every time they do an inventory check there is plenty of oil, yet the price stays above $70.
If or when the price drops, Iran's leader is right on cue to help out his countries only/main export with some off the wall threat like closing off the gulf or nuking Israel. Then the commodities start trading on this speculation sending the price sky high.

In my opinion, this storm could blow over someone’s deck chair then fear from global warming junk science with prophecies of the end of earth will take over artificially sending prices high.
How much inventory do we need before these worries are squelched? Who knows?
Reply With Quote
  #4  
Old 07-03-2017,
Avolnovaset Avolnovaset is offline
Junior Member
 
Join Date: Apr 2017
Posts: 0
Default

Nate my boy, NEVER short stupidity, there is more stupidity in the universe than Hydrogen and it has a longer half life. (paraphrased from the senate testimony of Frank Zappa)
I know this is sort of obliquely related to what you posted but it's still valid IMHO
Reply With Quote
  #5  
Old 07-04-2017,
avisarqi avisarqi is offline
 
Join Date: Jun 2014
Location: Sierra Leone
Posts: 0
Default

I wouldn't short until the stupidity was over. I've been trading long enough to know this. I appreciate the advice though. I have learned the hard way before to never underestimate stupidity.

It is still stupid for people to be pumping up oil prices when our reserves have been up for several weeks in a row. I guess we'll see the change at the pump.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is .