Posted by: tyrannyoflogic January 7, 2015
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Time for starter positions in Oil Companies(BP,CVX) rather than in Oil itself(USO) for the longer haul(3-6) months for ~ 15-20 % gains. Stop losses of course at ~5%.
Oil by itself looks far too tempting for the longer haul but we dont want to be bottom chasers here. But it is indeed ready for a solid bounce for swing trades.
Not claiming to predict anything based on all the oil hype on the news or anything, lets leave that to the big money people, but just portraying my thought process.
Just my opinions. Not investment advice.
What say you guys?
Oil by itself looks far too tempting for the longer haul but we dont want to be bottom chasers here. But it is indeed ready for a solid bounce for swing trades.
Not claiming to predict anything based on all the oil hype on the news or anything, lets leave that to the big money people, but just portraying my thought process.
Just my opinions. Not investment advice.
What say you guys?