VBIN's oil stock thread.

[fenders53]

(03-21-2022, 09:41 AM)vbin Wrote:

(03-21-2022, 03:54 AM)fenders53 Wrote:

(03-20-2022, 05:50 PM)vbin Wrote: Buffet bought more oxy. He is buying whatever he can get his hands on( he literally said this). I think last time he was buying something this aggressive was apple.

BRK timing has been mostly horrible for years now.  I am not inspired by his massive purchase after OXY does a 5X.  Will they trim a year after the oil cycle peaks?  Or the bottom like airline stocks?

Last time he bought this heavy was apple. Oxy making 220m more for each $1 in oil. This stock is going above $100 buddy( oil ain’t coming down any time soon)

I own plenty of oil but he is way late buddy.  OXY PURCHASE Isn't impressive AFTER he watched it run 5X. Anybody can chase after it is obvious.  Too bad because he has stupid amounts of cash.  This could have been the year he finally beats the index lately.  Maybe he still will.

Stated another way, VBIN played oil way smarter than BRK so don't get too impressed with idols because they play with bigger numbers. You were trimming with a nice profit before they even showed up. (Other than the loan shark thing)