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
18,710 Blog Posts

Time to Buy Oil — I’m Out

I sold out of all of my oil stocks this morning on this gap lower. No interest whatsoever in guessing the next move in crude. I have NO IDEA what I’m doing in the oil pits.

I will now take my proceeds and invest them wisely in a slew of high beta tech stocks.

In the meantime, you can fade my oil sales and make yourselves a small fortune — for I am certain I just booked marked the top and bottom of the recent range with my inane activity.

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2 comments

  1. acehood

    Trump wants it lower, don’t overthink it.

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    • ferd

      SPR is short-term relevant, but aside from that, Trump’s wishes are not. Recall he was talking oil down $10 lower than it is today.

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