Oil is undergoing an epic short squeeze now. More than that, though, the market is exhibiting new characteristics. It is rewarding momentum, which is a notable departure to the back and forth grind we’ve endured over the past 6 months. If seasonality reigns supreme, during the Forbes 400 billionaire watermark month of February, you want to be long names with heaviest short positions.
My largest oil holding is SLCA, followed by PACD, OXY and FMSA. As you know, I am long AAL as a hedge against oil.
The time has come for the city square to bustle with the severed penises of those who short equities. BEHOLD as the lands turn from green to red, amidst a sea of black.
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Just call me Jeb (long USO)
All this means is oil hasn’t actually bottomed yet – no reason not to enjoy the interim squeeze however
Already up 21% this year following 70% last year thanks to Le Fly, OA, PPT, and AHWOA. No bullshit.
J.R. Fly
somewhere, huggiebear is coddling himself in the fetal position
speaking of good movies – fly, have you seen the swedish movie ‘Easy Money’?
nope. Worth a look?
Well your V, this time, looks more like 2 stoned w’s
No V Day for You
Take note that oil has struggled with the 50-day moving average. While it should be meaningless, perhaps it will get rejected and dart lower.
I’d say that’s the likely outcome, with a massive shot to the upside being next. Little/no movement seems most unlikely at this point.
Added more SLCA today to my position started late november. Total technical