MeThinks thou dost protest too much, fwiw...
<< Too much in-breeding I'm afraid. When no one dares to vote support for a minority idea, you know that's the wrong place to be. >>
???? seems to be quite a lot of dissenting opinion - while John C & PapayaKing among many; may be ''needled'' here on occassion - don't think they are exactly ''flammmed'' ? Also, don't see/hear their knees ''knocking'' when the venture into this ''den of inequity'' <VBG>. Does someone need to grow a spine, or what ?
What type of ''votes'' is this guy looking for ? Is he running for office <VBG> ? Need more ''ego-stroking'' than serious traders and non-lemmings would deliver ? Desire only innocous lemming worshipers ? Sorry; won't find many ''Kool - Aid'' drinkers here...
if this means we are ''inbred'' or don't support a minority idea ... Actually; why should we be expected to ''support'' a mionority idea if it is wrong, or we disagree ? Shouldn't he mean accept and not ''support'' his right to ''post'' a minority idea - why should we be expected to ''accept'' it ? Does that mean - never pull the curtain back on the ''Great and Powerfull Oz'' ! ??? Never expose that the little ''emporer'' is wearing no clothes ? Okay; I think I get it - let chicken little yell the sky is falling; but don't you dare - ask why ? - ''It is - because, I said it is''... unbelieveable....simply Hubris/Chutzpah to ad infiniitum...
As far as accepting minority ideas - I think they all ready are.
Curious as to if this ''philosophy' classifies one as ''inbred'' <VBG> ?
We can go lower (threre, now are you happy !)... however; this sector does NOT trade on current fundamentals. Never did - never will. It trades on the future expectations of fundamentals & crude prices.
That is why so many people have profited so much, on what is now potentially our 4th run up of 20-30-50%+ in these stocks since the total market selloff in Sept. PS - hello; the proven profitable technique has been to buy into these steep selloffs, be it tech, Oils or whatever. Predicting the world is coming to an end, digging an Earth Cave , shorting at the bottom - waiting for DOW 2000 and buying Gold; is EXACTLY what has NOT worked ! - maybe this is the real reason why ''some'' are afraid to show their face/post here - total lack of credibility ?
The consensus presently is that if one indeed buys at the bottom (clearly defined 4 times in 5 months via a ''quadruple bottom'' ) at approx. OSX 45-50; this is indeed a prudent buy & hold level. Also, if one desires to ''trade'' this sector as many of us do, and indeed are in consensus - that that this is actually ''the'' thing to do; then this now ''4th cycle'' of OSX 45 to 60-70 is indeed another opportunity to profitably short term trade this sector.
One can not buy OSX stocks ''cheap'' with positive fundamentals. If one desires to own these stocks ''cheap'' a certain degree of ''calling a bottom'', or market timing must exist; but after all, in all fairness - doesn't every trade, either short or long, involve some degree of timing, or the calling of a top, or bottom to some degree ? If one wants to jump on the bandwagon AFTER the fundamentals are clearly established; not to mention the shareprices <VBG> - then to each their own... if ''someone'' thinks this is the road to riches, or even market outperforming results - ohhh well <VBG> some still do believe in the Easter Bunny as well ...
If ''someone'' would actually ''read'' any of the posts here, they would also know that some stocks like RIG & RON have been able to be traded virtually blindfolded; setting nothing more than gtc/limit orders - buying in the low $20's and selling in the low $30's... This has been one of the ''easiest'' rolling trading opportunities of any sector of late. While news events continue to remain mixed; both pro & con interpretations can be drawn from numerous sources, a API/IEA #'s and Industry statistic's change week to week from good to bad; as do analyst recommendations... kind of as the wind blows; sometimes one can only make money by standing up & leaning against the wind <VBG> not following those lemming so blindly...
The fundamental premise of this at the worst being a great longterm buy & hold opportunity is certainly supported of late by everyone from Abbey Joseph Cohen to Michael Price, to scores of established analysts and fund mangers. That this is a very lucrative trading range, and that this sector has followed one of the easiest, most easilly defined technical trading waves - is undeniable and should be most enticing to such a self promoted, self acclaimed technical analyst.
Perhaps getting crushed by the ill-timed shorting and a gloom & doom call as the market strongly rebounded to new highs has decimated not only over-inflated ego's, but decimated wallets, and obviously the razor thin skin of many... However; if Mr ''thou dost protest to much'' would keep an open mind and literally be willing to learn something and be willing to take some of this Oilpatch-candy from the Market-baby; maybe we can help him actually make some money for once ? Anyone willing <VBG> to help ? I certainly do not anticipate insulting this incredibly sensitive ego with any degree of strong contrary opinion - some have proven themselves to be so far off base that no response is needed...<VBG>.
ciao |
