Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (4335)	6/6/2022 8:59:35 PM
From: Kirk ©	Read Replies (2) \| Respond to of 10744

You could be right. My opinion on oil is that the risk/rewards are unfavorable. The kiss of death may have been Cramer today claiming to be overweight oil and it is the only sector you can buy the dips for. He must have made a LOT of changes to his portfolio since he took it behind a paywall... or he is fibbing.... The last I saw he was buying the crap and/or high PE stocks like PayPal as they fell.... He had Chevron and Nucor in his portfolio for about 2% each plus he added Devon Energy at 0.9% before it went up 74% the last I had updates from him for those, so that is hardly "over weight" with about 6%. If he was adding, the buys were very recent. His largest position WAS Nvidia which was 5.4% at his 11/4/21 email, (Yeah, I kept a spreadsheet on Google Docs that I can call up quickly...)

To: Sun Tzu who wrote (4335)	6/8/2022 6:57:21 PM
From: Jacob Snyder	3 Recommendations Recommended By Joe Wesley petal towerdog Read Replies (1) \| Respond to of 10744

< risk/rewards are unfavorable> Yes. At any price over $80, there is a lot of oil in the ground, in many nations, which can be very profitably extracted and brought to market. Therefore, these prices cannot last. Oil could peak now, or at $150. I can imagine scenarios where oil goes to $180. But when the inevitable decline happens, it will be abrupt, brutal, and without warning. From long experience, I get out early, in commodity upcycles. It is a losing game, to try and extract the last bit of possible profit, when the risk/reward is unfavorable.