/biz/ - Business & Finance

I will be buying Athabasca when it hits this double support of the trendline and the 200 DMA. I will go ahead and put my buy order in on monday for 1.48 I'll be buying about $17,000 worth of shares and then looking to put $13,000 into crew energy.

I wanted to make money in the interim before I went back in oil by shorting the nasdaq but these markets are too fucking gay. I could have made money the past couple weeks on SQQQ but the NASDICK decided to pump for no god damn reason and against all fundamentals and against all recent market trends. Apparently the fed surprise hiking 75 bps and another 75 bps upcoming is bullish the NASDIC. Fuck me right?

Oil will probably go down even more on the next rate hike but I don't care at that point because it won't be going down much longer and especially coming into winter. We also have earnings coming out in a few weeks and Athabasca's earnings will be throbbing dick.