03-05-2022, 12:37 PM
(03-05-2022, 12:21 PM)Mr1share Wrote: The time to buy all these oil stocks was when everyone hated them and were investable. Now everyone is saying buy buy buy including Cramer. That's normally a sign that says get the hell out Every chat room says oil is going to $150 and its the only game in town. Something tells me the run will be over soon. Just be careful. Look at the run OXY has had when they almost went bankrupt lolWhere have you been? The participants on this thread did buy them then, and well before. We've shed some blood but it's been very good for quite some time. I'll taper my investment but not quite yet.
The market has given us buying opportunities in other sectors. Some great names are on sale. That's where I'm putting my money.
Financials have been coming down in recent weeks. I already added to WFC and ORI. This is one of the sectors I'm looking at next week.
Not saying oil wont run over the next few weeks or months. But the easy money has already been made.
Why you buying WFC now? You miss the bottom?