What Did You Buy Today?

[stockguru]

(12-02-2020, 01:46 PM)vbin Wrote:

(12-02-2020, 01:38 PM)divmenow Wrote:

(12-02-2020, 01:20 PM)stockguru Wrote:

(12-02-2020, 12:19 PM)vbin Wrote: Sold out BP, keeping profit as free units. Have a lot of oil and I am a little skeptical of the moves given year end and too many good news. Any bad news on stimulus can send it in free fall. Sold 2 cron puts.

I think its a bad mistake selling BP here. Its the most punished sector on the planet and fun managers have been buying the last few weeks. Not saying your wrong, but the truth is no one knows where its headed or the market. Its all a gamble. But I just feel like stocks like BP, CVX and XOM have a long way to go up just to get back to fair value. We shall see

That's why your the GURU LOL. BP back to $40 in no time 

I have a lot of oil in my port tons of XOM, OXY, XLE DCP, PSXP, PHX, WES, CLB. I agree that BP will be back to $40 in next few years(may be months, who knows). I made some quick money in BP. Will buy again if it drops 5% or more. For the purpose of learning, how do you know fund managers been buying BP? Is it purely based on momentum or is there a resource you refer to?

As a matter of fact I do. I look at the top OIL etfs and fund that own them and see what they bought in the last month.

The top 10 biggest buys buy funds and ETF'S were BP, XOM, CVX, VLO, PSX, WLL and CNQ. RDS and PE. In that order