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
23,500 Blog Posts

Brent Crude Busts Through $40; Oil Stock Fiesta Breaks Out

Note to self number 398:

It’s always bleakest just before the sun rises.

It’s always easy to see these things in hindsight, naturally. Heretofore, these stocks couldn’t catch a bid; now there impervious to selling.

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Brent crude has broken through the mystical and all unimportant barrier of $40.

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There isn’t much else to say, other than congratulations to all of the expert traders on the internets who bought the bottom and will assuredly sell the top.

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9 comments

  1. nocturne

    Hard to tell if the Algos want /cl overbought on a daily chart, $40/barrel, or the 200d moving average which is declining into the low 40s.

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  2. thegametheorist
    thegametheorist

    HAD THE ORDER IN TO BUY LNCO AT 24 CENTS A SHARE ON TUESDAY. OMG

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  3. toad37

    your constant BK gibberish cost us much bucks fly ;-))

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    • anjing bau

      Certainly not… your responsible for finding the truth out for yourself….Don Coxe had a saying… the money isn’t made by reading the front page news stories, its made by the news on page 54……

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    • Dr. Fly

      Toad

      STFU. these are my opinions. Use your own brain to make decisions.

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    • it is showtime

      Bigger picture bk hasn’t changed (yet) Welcome to a bipolarly manipulated marketplace (even rumors of i.m.f buying crude to buoy equities)

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  4. blahblahblah

    raising cash again. maybe turnaround-a-bit Tuesday? whatever. all the ramping has been fun. staying for more. exiting some.

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  5. Marc David

    Let the loans for small fracking rigs being again! Yee-Haw!

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