Boiler Room: The Official Stock Market Discussion

[Sunalmighty]

Either going negative wouldn't surprise me.

Do you think that oil is a buy right now or would you totally avoid it?

 

[franknitty711]

I am long on oil (2-3 year investment). This is an election year. I think prices stay low until 2017, where I see a cut in production and a rise in price. 2017 is going to be a rough one brehs unless the Fed keeps the charade going.

 

[Sunalmighty]

I am long on oil (2-3 year investment). This is an election year. I think prices stay low until 2017, where I see a cut in production and a rise in price. 2017 is going to be a rough one brehs unless the Fed keeps the charade going.

Did you buy individual oil stocks or a fund? I'm thinking of buying an Oil ETF through Fidelity

 

[DrBanneker]

Did you buy individual oil stocks or a fund? I'm thinking of buying an Oil ETF through Fidelity

I personally don't do commodity based ETFs since there are so many and they get so big that liquidity can become an issue in a crisis. Most ETF's use financial instruments and don't hold the physical commodity so if liquidity dries up like it did in 2008 there will be huge issues. For oil, I would recommend stocks like oil majors such as BP, Chevron, etc. or equipment manufacturers for oil extraction (need to find that list). More risky, you can also buy and hold currencies of oil producing nations not pegged to the US dollar like Norweigen krone, Russian rubles, or Nigerian naira. Canadian dollars too but there are other commodities such as gold, potash, etc. that also influence the CAD.

 

[ill]

Volume coming into CHK. 2 trades of 500,000. @Ill

I won't lie, I thought I'd get a quick pop when I bought in at 2.05. I put small money in so Im just gonna let it ride out one way or the other. SeekingAlpha daily emails told me Soros exited CHK and entered Kinder Morgan (KMI) and Baker Hughes (BHI)

 

[88m3]

certainly on a tear this morning

 

[Donald J Trump]

sold half of fb holding half long 10k
long 10k in TSLA

 

[Domingo Halliburton]

Rumors that congress could give PLUG a big tax break

 

[heisenburrr]

 

[Domingo Halliburton]

This explosion in Ankara going to have any effect on markets?

 

[DrBanneker]

This could be an excuse for Turkey to go into Syria...that will shake markets. Or maybe it is a warning to them to stay out?

 

[Donald J Trump]

tesla gone go up til they reveal that car

 

[Futuristic Eskimo]

Whats your cost basis?

 

[heisenburrr]

Whats your cost basis?

I managed to average down to about 275$ during 2015.

 

[Clark Wayne]

Everything green today