In December, for like two days, I sold out of BAS. I was done.
And then I was right back in again. I think now I can finally give a small sigh of relief. I mean, my chest is still tight, but at least BAS is a +50% winner for me again (my cost average is somewhere in the $7 range).
I’m sticking around in these names for longer yet. I understand that you do not believe. But I have this strange conspiracy theory ringing in my ears.
That this is all just one big gigantic attempt to fuck retail investors and make off with their toys.
One day, we’re all going to wake up and it will be like oil was never in trouble. The Saudi’s will flip a switch, toast to their good friends in Iran (who will perhaps be sunbathing with Exxon Mobile executives) and everything will be ’90’s summer fun again.
It doesn’t make sense, I know. I don’t have any proof, or evidence, or even anything that looks like “sanity”. But it’s going to happen, mark my words.
Anyway, I’m +16% for the year, sort of 1/3rd-ish of the way out of the hole I made in 2014.
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BX has become my one size fits all oil play.
Thought oil was going to 30.
Made out good on pgh for a
trade though.
Sitting on my hands watching that thing run after oil inventories came out was probably the dumbest thing I did last week. Beautiful run.
how much did you make today?
Makes total sense. In the end, that’s all this really is. One big platform used to fuck retail investors.