iBankCoin

Trading with The Fly

Dr. Fly
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
23,417 Blog Posts

Time to Buy Oil — I’m Out

Dr. Fly Mon Jul 16, 2018 9:48am EST 2 Comments

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.

If you enjoy the content at iBankCoin, please follow us on Twitter

2 comments

  1. acehood
    acehood
    July 16, 2018 at 10:20 am

    Trump wants it lower, don’t overthink it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • ferd
      ferd
      July 16, 2018 at 10:40 am

      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.

      • 0
      • 0
      • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy