/biz/ - Business & Finance

Oil will not fall below 10$ today

>>18540777
In this environment? Cash. I want to have it so I can pick up new opportunities in case there is a better one than the stock that gave the dividend around.

>>18540767
Sitting cozy with my RTX, only stock going long I am not waiting on. That and JC Penny because memes turning into dreams. Probably going to sell some because I put way too much money in it. Love this thing. If it dips when things crash, buying more. if it doesn't, even better.

>>18540833
I am quite literally 2 weeks now too late on my FOMO panic. Which sucks and ate losses now short term due to bear, but w/e. Least I know the relative price ranges now. During the 18k drop I personally was thinking the bottom would be 15k in a complete half, should of just went with 18 and said fuck it.

>>18540869
I was implying XOM should be lower right now, not higher. I want to buy in around 34. But as an aside, I think we have an eternal future in oil for a couple of reasons. 1, will probably be easier as a mobile power source (military use) than alternatives, 2 big oil basically own the US Congress and most presidents, and 3 who is to say when a successful alternative energy company comes around big oil companies don't just adapt and buy them out and become the new energy providers of the new sources? I think oil won't be forever, but I definitely do think certain companies will expand in the face of competition rather than hold onto oil until death.

>>18540873
Convince me that they won't cut or suspend that shit.