(06-17-2022, 03:42 PM)fenders53 Wrote: Well I can't say I enjoyed this week's oil stock beat down. Wow, that was harsh. You would think oil pulled back $20+. I gave up months of profits if they don't bounce back.
Oil was only down because people were getting margin calls and selling there only winners to buy other names. After all oil is the only sector yo this year lol. I added 9 names in the oil sector today. I have been waiting for a dip. Oil will make money even if they hit $80 a barrel. And there all hedged as well. Not to mention oil thrives in a recession. Oil will come back and hit new highs.