Bobby. What OS stocks did you buy?
As far as how long to hold a position.>>>>
iso, not that it matters, because i don't follow the fundamentals of these companies, but i bought rig and glm, because i liked the rig pattern (and i liked the ticker -g-) and because glm was the first oil service stock i ever bought, i always trade this one.
i sold em a couple of days ago, and missed buying em back on the cheap today because i was holding out for a little bigger drop, but i'm back in as of today.
i'm thinking we will retrace to the 100 area on osx.
stockcharts.com[m,a]daclyymy[dd][pb50!b200!a100!f][vc60][iUb14!La12,26,9]
and then there is always the possibility that this is a 70's redux, and the bear market from the sept top is over and the recent bottom where everybody on this thread was calling for an oil crash like 98, and we have a 5-3-5 completed elliot pattern and the osx is headed to new highs.
in 1998 there were several commodities that were selling at 30 to 60 year lows, i would propose to the thread that we may have seen the commodity market washout in 98, and that we are now making the retest of the first rise.
we shall see,
(iso-topic -g- - i went to the ball park last night for the first time in many years, damm, i could get hooked on the crack of the bat, and the smell of crackerjacks again -g-)
b |
