Boiler Room: The Official Stock Market Discussion

Futuristic Eskimo

Futuristic Eskimo

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Asantehene said:
Canadian Oil Sands has gone from about $6 a share to $11 in three days bruh :mjcry:...even after a dividend cut so the short interest musta been something else. (editL: takeover possibility)

I cant be too mad though. Decent chance I woulda chosen Surge Energy, Penn West or something instead anways.

But even they up like 40,50% in the last few days :mjcry:
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20150203_opec2.jpg


:mjpls:
 
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Hiphoplives4eva said:
let us in on your strategy breh
Click to expand...

Options.

:blessed:

I correlated the price of my individual shale energy stock to the US Oil index fund, USO, which was much less prone to panic selling. USO traded predictably against WTI. I bought calls when the selling on my individual energy stock looked completely out of whack relative to USO.

The bottom might not be in and we could reverse on oil, but the bottom looked in when WTI was in the mid 50s and my stock hit an all-time low, then the stock eventually started consistently trading above that low, even though WTI was in the 40s.

But my strategy is always options. I usually buy long-term calls and puts on stocks with enough volatility to at least break even no matter which way you move.
 
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Ohene

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i'm mad as fukk right now. How Cenovus gonna be up less than damn near everyone including CPG. I swear the markets fukkin hate me :what:


And I bet when oil falls a bit I'm gonna get it the worst too. I cant even be happy on a good day with this shyt :mad:
 
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