iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,044 Blog Posts

BIG OIL is Approaching ‘Take Out a Second Mortgage and Go Long’ Territory

Big oil stocks are down 5% over the past month — now approaching oversold territory, according to Exodus. For the sake of explaining my thought process on this situation, I interviewed myself.

You may gaze at the chart below and wonder to yourself ‘what the fuck is Fly showing me?’

I showed you the front end of my fucking time machine, you ungrateful fucks.

‘What does this mean for oil stocks?’

It means you should be weighing into them with great vigor and tenacity.

‘Should I be afraid of a pullback that might last, oh I don’t know, longer than a fucking day Fly?’

No, you shouldn’t ever be afraid of things like that. That’s how pussies think.

‘But what if I do that and lose all of my money?’

I’m not your financial advisor God damn it. If you’re afraid of losing all of your money, you’re in the wrong business.

‘Pray tell.’

Fuck off.

‘Please?’

If you haven’t been wiped the fuck out at least once in your ‘investment career’, you’re not really a player. Go play with your dividends.’

‘Ok, thanks. Can I ask you one more thing?’

Fuck off.

‘Ok, thanks.’

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12 comments

  1. mr.wiggles

    El-o-El

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  2. dmfracer

    I would buy USA oil stocks just based on the fact alone that Uncle Red Tillerson is at the helm of the State Department. Except there’s still that pesky over supply problem. But that’s what hedges are for….

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  3. dmfracer

    Rex dammit

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  4. og

    CLF has been poop.

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  5. natehois

    Your best interview to date.

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  6. anjingbauwau

    OIH looks good against the Feb 8th price action….which came back and tested the Nov 30th bar. More rigs working again this week as per BHI data

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  7. anjingbauwau

    CPG is getting a lift today….activist investor wanting to shake things up……management needs it

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  8. vandamme

    HAL

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  9. masteroneass

    I have also interviewed myself on this very topic.

    Would I be diversified if I don’t own any oil holdings even though oil declined over 50 percent over the last 2 years?

    Yes little brain you most certainly would not be diversified.

    What do the biggest Institutions think of the two majors on the DOW JONES?

    Let’s pick up at least a few shares at this price.

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