Current Events > My friend bought $1800 in oil stock yesterday. Smart move?

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MFBKBass5 04/21/20 12:03:31 PM #1:	Think he bought an ETF. Forget which one. You think now is the time to jump in on buying some oil stocks or ETFs while its crashing? --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937813532] in My friend ... [t:78609066]...</cite> <quote>Think he bought an ETF. Forget which one. You think now is the time to jump in on buying some oil stocks or ETFs while its crashing? </quote> ... Copied to Clipboard!
Steve Nick 04/21/20 12:04:33 PM #2:	It's gonna get even worse dude. The country isn't opening back up for another month. --- This is my signature. <cite>Steve Nick posted [p:937813593] in My friend ... [t:78609066]...</cite> <quote>It's gonna get even worse dude. The country isn't opening back up for another month. </quote> ... Copied to Clipboard!
Mezcla 04/21/20 12:05:10 PM #3:	yeah oil thats the future --- Sig <cite>Mezcla posted [p:937813628] in My friend ... [t:78609066]...</cite> <quote>yeah oil thats the future </quote> ... Copied to Clipboard!
MFBKBass5 04/21/20 12:05:24 PM #4:	Steve Nick posted... It's gonna get even worse dude. The country isn't opening back up for another month. which would be the perfect time to buy. I think I might buy $300 worth and sit on it for a year or so, when things are back to normal ish. --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937813643] in My friend ... [t:78609066]...</cite> <quote>Steve Nick posted... </cite> <quote>It's gonna get even worse dude. The country isn't opening back up for another month.</quote> which would be the perfect time to buy. I think I might buy $300 worth and sit on it for a year or so, when things are back to normal ish. </quote> ... Copied to Clipboard!
MFBKBass5 04/21/20 12:05:45 PM #5:	Mezcla posted... yeah oil thats the future Im talking relatively short term investments here. --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937813661] in My friend ... [t:78609066]...</cite> <quote>Mezcla posted... </cite> <quote>yeah oil thats the future</quote> Im talking relatively short term investments here. </quote> ... Copied to Clipboard!
fhqwhgads 04/21/20 12:06:12 PM #6:	"My friend" --- Everybody to the Limit you can't bxzwlads the fhqwhgads~spudger <cite>fhqwhgads posted [p:937813684] in My friend ... [t:78609066]...</cite> <quote>"My friend" </quote> ... Copied to Clipboard!
MFBKBass5 04/21/20 12:06:58 PM #7:	fhqwhgads posted... "My friend" Lol I dont have $1800 to risk on oil stock right now. Def wasnt me. --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937813728] in My friend ... [t:78609066]...</cite> <quote>fhqwhgads posted... </cite> <quote>"My friend"</quote> Lol I dont have $1800 to risk on oil stock right now. Def wasnt me. </quote> ... Copied to Clipboard!
fhqwhgads 04/21/20 12:07:21 PM #8:	MFBKBass5 posted... Lol I dont have $1800 to risk on oil stock right now. Def wasnt me. Oh snap my bad --- Everybody to the Limit you can't bxzwlads the fhqwhgads~spudger <cite>fhqwhgads posted [p:937813748] in My friend ... [t:78609066]...</cite> <quote>MFBKBass5 posted... </cite> <quote>Lol I dont have $1800 to risk on oil stock right now. Def wasnt me.</quote>Oh snap my bad </quote> ... Copied to Clipboard!
Fam_Fam 04/21/20 12:07:32 PM #9:	MFBKBass5 posted... Lol I dont have $1800 to risk on oil stock right now. Def wasnt me. he won't have $1800 either soon enough <cite>Fam_Fam posted [p:937813759] in My friend ... [t:78609066]...</cite> <quote>MFBKBass5 posted... </cite> <quote>Lol I dont have $1800 to risk on oil stock right now. Def wasnt me.</quote>he won't have $1800 either soon enough </quote> ... Copied to Clipboard!
Austin_Era_II 04/21/20 12:08:27 PM #10:	"1800" lol chump change in the world of stock market <_< --- No. of days without watching porn: 0 Best record: 2 day <cite>Austin_Era_II posted [p:937813824] in My friend ... [t:78609066]...</cite> <quote>"1800" lol chump change in the world of stock market <_< </quote> ... Copied to Clipboard!
MFBKBass5 04/21/20 12:09:09 PM #11:	Fam_Fam posted... he won't have $1800 either soon enough You think so? The price of gas WILL go back up. The reason it crashed is because no one is driving. Theyre sitting on oil that cant go anywhere, since people arent filling up their cars. Once people start driving again the cost of a barrel of oil will go back up significantly. Last year it was at $100/barrel. Yesterday was like...-30? --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937813847] in My friend ... [t:78609066]...</cite> <quote>Fam_Fam posted... </cite> <quote>he won't have $1800 either soon enough</quote> You think so? The price of gas WILL go back up. The reason it crashed is because no one is driving. Theyre sitting on oil that cant go anywhere, since people arent filling up their cars. Once people start driving again the cost of a barrel of oil will go back up significantly. Last year it was at $100/barrel. Yesterday was like...-30? </quote> ... Copied to Clipboard!
Colorahdo 04/21/20 12:10:07 PM #12:	It's a great idea, pretty silly to think oil prices won't ever go over $1.50/gal again... --- But those enemies of mine who did not want me to be king over them - bring them here and kill them in front of me ~Jesus Christ <cite>Colorahdo posted [p:937813892] in My friend ... [t:78609066]...</cite> <quote>It's a great idea, pretty silly to think oil prices won't ever go over $1.50/gal again... </quote> ... Copied to Clipboard!
MFBKBass5 04/21/20 12:10:09 PM #13:	Austin_Era_II posted... "1800" lol chump change in the world of stock market <_< oh yeah. My buddy invests in a ton of shit on the stock market. He makes around 120k/year, and probably has a savings account with around 100 grand in it too. $1800 is nothing for him to lose. --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937813893] in My friend ... [t:78609066]...</cite> <quote>Austin_Era_II posted... </cite> <quote>"1800" lol chump change in the world of stock market <_<</quote> oh yeah. My buddy invests in a ton of shit on the stock market. He makes around 120k/year, and probably has a savings account with around 100 grand in it too. $1800 is nothing for him to lose. </quote> ... Copied to Clipboard!
DarkChozoGhost 04/21/20 12:11:08 PM #14:	I hope it was a bad move --- My sister's dog bit a hole in my Super Mario Land cartridge. It still works though - Skye Reynolds 3DS FC: 3239-5612-0115 <cite>DarkChozoGhost posted [p:937813936] in My friend ... [t:78609066]...</cite> <quote>I hope it was a bad move </quote> ... Copied to Clipboard!
Squall28 04/21/20 12:12:24 PM #15:	Oil stocks have been shitty for a while, and it's not changing now. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:937813998] in My friend ... [t:78609066]...</cite> <quote>Oil stocks have been shitty for a while, and it's not changing now. </quote> ... Copied to Clipboard!
theAteam 04/21/20 12:13:28 PM #16:	I believe the 1-year projection on oil is like $21 per barrel which is still awful. If he holds for at least a few years he'll be good. --- Buffalo Bills <cite>theAteam posted [p:937814052] in My friend ... [t:78609066]...</cite> <quote>I believe the 1-year projection on oil is like $21 per barrel which is still awful. If he holds for at least a few years he'll be good. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/21/20 3:21:21 PM #17:	Oil stocks are up today for some reason, I figured they would be getting destroyed w/ June futures plummeting 50% --- Hello world! <cite>AngelsNAirwav3s posted [p:937824931] in My friend ... [t:78609066]...</cite> <quote>Oil stocks are up today for some reason, I figured they would be getting destroyed w/ June futures plummeting 50% </quote> ... Copied to Clipboard!
Time_Rider 04/21/20 3:23:55 PM #18:	MFBKBass5 posted... You think so? The price of gas WILL go back up. The reason it crashed is because no one is driving. Theyre sitting on oil that cant go anywhere, since people arent filling up their cars. Once people start driving again the cost of a barrel of oil will go back up significantly. Last year it was at $100/barrel. Yesterday was like...-30? You think oil prices went down because Americans aren't driving? That's not why whatsoever, had nothing to do with the US. --- I'm Amped to be here <cite>Time_Rider posted [p:937825059] in My friend ... [t:78609066]...</cite> <quote>MFBKBass5 posted... </cite> <quote>You think so? The price of gas WILL go back up. The reason it crashed is because no one is driving. Theyre sitting on oil that cant go anywhere, since people arent filling up their cars. Once people start driving again the cost of a barrel of oil will go back up significantly. Last year it was at $100/barrel. Yesterday was like...-30?</quote> You think oil prices went down because Americans aren't driving? That's not why whatsoever, had nothing to do with the US. </quote> ... Copied to Clipboard!
burns112233 04/21/20 3:28:00 PM #19:	It's going to suck when they start pumping less oil and everything opens back up and people have to pay $4 to 5 bucks per gallon. <cite>burns112233 posted [p:937825313] in My friend ... [t:78609066]...</cite> <quote>It's going to suck when they start pumping less oil and everything opens back up and people have to pay $4 to 5 bucks per gallon. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/21/20 3:35:21 PM #20:	Time_Rider posted... You think oil prices went down because Americans aren't driving? That's not why whatsoever, had nothing to do with the US. Umm... oil demand drop is what caused this. The US is by far the largest oil consumer, so it is safe to say Americans not driving has something to do with oil being low lol. Saudi/Russia price war accelerated the drop, thats for sure, but if that were the true cause, then the price of oil would have bounced back when OPEC+ agreed to the biggest production cut in history. Also oil was already dropping pretty quick before the Saudi/Russia fallout. --- Hello world! <cite>AngelsNAirwav3s posted [p:937825741] in My friend ... [t:78609066]...</cite> <quote>Time_Rider posted... </cite> <quote>You think oil prices went down because Americans aren't driving? That's not why whatsoever, had nothing to do with the US.</quote> Umm... oil demand drop is what caused this. The US is by far the largest oil consumer, so it is safe to say Americans not driving has something to do with oil being low lol. Saudi/Russia price war accelerated the drop, thats for sure, but if that were the true cause, then the price of oil would have bounced back when OPEC+ agreed to the biggest production cut in history. Also oil was already dropping pretty quick before the Saudi/Russia fallout. </quote> ... Copied to Clipboard!
Time_Rider 04/21/20 3:37:06 PM #21:	AngelsNAirwav3s posted... Umm... oil demand drop is what caused this. The US is by far the largest oil consumer, so it is safe to say Americans not driving has something to do with oil being low lol. Saudi/Russia price war accelerated the drop, thats for sure, but if that were the true cause, then the price of oil would have bounced back when OPEC+ agreed to the biggest production cut in history. Also oil was already dropping pretty quick before the Saudi/Russia fallout. No, it didn't cause this. The huge drop happened before lockdowns. It's why it's still going though. --- I'm Amped to be here <cite>Time_Rider posted [p:937825846] in My friend ... [t:78609066]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Umm... oil demand drop is what caused this. The US is by far the largest oil consumer, so it is safe to say Americans not driving has something to do with oil being low lol. Saudi/Russia price war accelerated the drop, thats for sure, but if that were the true cause, then the price of oil would have bounced back when OPEC+ agreed to the biggest production cut in history. Also oil was already dropping pretty quick before the Saudi/Russia fallout.</quote> No, it didn't cause this. The huge drop happened before lockdowns. It's why it's still going though. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/21/20 3:41:03 PM #22:	Time_Rider posted... No, it didn't cause this. The huge drop happened before lockdowns. It's why it's still going though. The demand drop started in China when lockdowns went into place, and the prospectors buying oil started getting more and more worried that a lockdown would happen in the US and worldwide, causing an even bigger drop in oil futures. --- Hello world! <cite>AngelsNAirwav3s posted [p:937826076] in My friend ... [t:78609066]...</cite> <quote>Time_Rider posted... </cite> <quote>No, it didn't cause this. The huge drop happened before lockdowns. It's why it's still going though.</quote> The demand drop started in China when lockdowns went into place, and the prospectors buying oil started getting more and more worried that a lockdown would happen in the US and worldwide, causing an even bigger drop in oil futures. </quote> ... Copied to Clipboard!
The Trent 04/21/20 3:45:10 PM #23:	hey i like oil --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:937826325] in My friend ... [t:78609066]...</cite> <quote>hey i like oil </quote> ... Copied to Clipboard!
Hexenherz 04/21/20 3:47:08 PM #24:	I just dropped close to 4k on it myself, figure it will go back up eventually (hopefully sooner rather than later but regardless it's a temporary thing in some respect). --- FFXIV: Lucius Hexenseele (Brynhildr) \| RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting https://letterboxd.com/BMovieBro/ <cite>Hexenherz posted [p:937826430] in My friend ... [t:78609066]...</cite> <quote>I just dropped close to 4k on it myself, figure it will go back up eventually (hopefully sooner rather than later but regardless it's a temporary thing in some respect). </quote> ... Copied to Clipboard!
Lost_All_Senses 04/21/20 3:47:31 PM #25:	I followed your lead and bought 2k in snake oil stock. Now to sit back and get rich. --- Name checks out "Stupidity is a spectrum, and we're all on it" - OfDustandBone <cite>Lost_All_Senses posted [p:937826454] in My friend ... [t:78609066]...</cite> <quote>I followed your lead and bought 2k in snake oil stock. Now to sit back and get rich. </quote> ... Copied to Clipboard!
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XXmiznatorXX 04/21/20 3:48:29 PM #27:	I've thought about doing the same thing, actually. Oil demand is only low due to this. In the long run, millions of cars and roads are going to be used again. If he has the dough, go for it. <cite>XXmiznatorXX posted [p:937826514] in My friend ... [t:78609066]...</cite> <quote>I've thought about doing the same thing, actually. Oil demand is only low due to this. In the long run, millions of cars and roads are going to be used again. If he has the dough, go for it. </quote> ... Copied to Clipboard!
Hexenherz 04/21/20 3:49:41 PM #28:	Lost_All_Senses posted... I followed your lead and bought 2k in snake oil stock. Now to sit back and get rich. hoo boy don't blame me if it bottoms out and then everyone decides to go full electric -_- --- FFXIV: Lucius Hexenseele (Brynhildr) \| RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting https://letterboxd.com/BMovieBro/ <cite>Hexenherz posted [p:937826582] in My friend ... [t:78609066]...</cite> <quote>Lost_All_Senses posted... </cite> <quote>I followed your lead and bought 2k in snake oil stock. Now to sit back and get rich.</quote>hoo boy don't blame me if it bottoms out and then everyone decides to go full electric -_- </quote> ... Copied to Clipboard!
The Trent 04/21/20 3:50:23 PM #29:	Hexenherz posted... hoo boy don't blame me if it bottoms out and then everyone decides to go full electric -_- don't worry, no one will --- i swear to God most of y'all cats just don't know The Trent you barely know yourself so i guess most of y'all should be offended <cite>The Trent posted [p:937826618] in My friend ... [t:78609066]...</cite> <quote>Hexenherz posted... </cite> <quote>hoo boy don't blame me if it bottoms out and then everyone decides to go full electric -_-</quote> don't worry, no one will </quote> ... Copied to Clipboard!
Lost_All_Senses 04/21/20 3:50:40 PM #30:	Hexenherz posted... hoo boy don't blame me if it bottoms out and then everyone decides to go full electric -_- Reread my post :p --- Name checks out "Stupidity is a spectrum, and we're all on it" - OfDustandBone <cite>Lost_All_Senses posted [p:937826634] in My friend ... [t:78609066]...</cite> <quote>Hexenherz posted... </cite> <quote>hoo boy don't blame me if it bottoms out and then everyone decides to go full electric -_-</quote> Reread my post :p </quote> ... Copied to Clipboard!
Squall28 04/21/20 4:23:15 PM #31:	Which stocks did you guys buy? --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:937828493] in My friend ... [t:78609066]...</cite> <quote>Which stocks did you guys buy? </quote> ... Copied to Clipboard!
Fam_Fam 04/22/20 7:30:47 AM #32:	AngelsNAirwav3s posted... The demand drop started in China when lockdowns went into place, and the prospectors buying oil started getting more and more worried that a lockdown would happen in the US and worldwide, causing an even bigger drop in oil futures. so you're saying that the price dropped before demand dropped, got it. unless you are saying lol causality, this would make it impossible for the demand dropping because the cause of the price drop <cite>Fam_Fam posted [p:937865677] in My friend ... [t:78609066]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>The demand drop started in China when lockdowns went into place, and the prospectors buying oil started getting more and more worried that a lockdown would happen in the US and worldwide, causing an even bigger drop in oil futures.</quote> so you're saying that the price dropped before demand dropped, got it. unless you are saying lol causality, this would make it impossible for the demand dropping because the cause of the price drop </quote> ... Copied to Clipboard!
Time_Rider 04/22/20 9:48:30 AM #33:	Fam_Fam posted... so you're saying that the price dropped before demand dropped, got it. unless you are saying lol causality, this would make it impossible for the demand dropping because the cause of the price drop That's exactly what happened. These guys are wrong by pinning the cause of low prices on American demand. --- I'm Amped to be here <cite>Time_Rider posted [p:937869662] in My friend ... [t:78609066]...</cite> <quote>Fam_Fam posted... </cite> <quote>so you're saying that the price dropped before demand dropped, got it. unless you are saying lol causality, this would make it impossible for the demand dropping because the cause of the price drop</quote> That's exactly what happened. These guys are wrong by pinning the cause of low prices on American demand. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/22/20 11:16:13 AM #34:	The "price of oil" is based on oil futures contracts. People try to predict how much supply and demand there will be in the next month. Of course you don't know actual demand drops until the oil is actually consumed. I think we are just arguing semantics here, the prices crashed because people anticipated demand would be lower once the lockdowns went into place. Unless you believe there is some other mysterious reason the prices went down. --- Hello world! <cite>AngelsNAirwav3s posted [p:937873610] in My friend ... [t:78609066]...</cite> <quote>The "price of oil" is based on oil futures contracts. People try to predict how much supply and demand there will be in the next month. Of course you don't know actual demand drops until the oil is actually consumed. I think we are just arguing semantics here, the prices crashed because people anticipated demand would be lower once the lockdowns went into place. Unless you believe there is some other mysterious reason the prices went down. </quote> ... Copied to Clipboard!
Time_Rider 04/22/20 11:17:38 AM #35:	AngelsNAirwav3s posted... The "price of oil" is based on oil futures contracts. People try to predict how much supply and demand there will be in the next month. Of course you don't know actual demand drops until the oil is actually consumed. I think we are just arguing semantics here, the prices crashed because people anticipated demand would be lower once the lockdowns went into place. Unless you believe there is some other mysterious reason the prices went down. The prices crashed well before those anticipations. --- I'm Amped to be here <cite>Time_Rider posted [p:937873683] in My friend ... [t:78609066]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>The "price of oil" is based on oil futures contracts. People try to predict how much supply and demand there will be in the next month. Of course you don't know actual demand drops until the oil is actually consumed. I think we are just arguing semantics here, the prices crashed because people anticipated demand would be lower once the lockdowns went into place. Unless you believe there is some other mysterious reason the prices went down.</quote> The prices crashed well before those anticipations. </quote> ... Copied to Clipboard!
Kombucha 04/22/20 11:23:46 AM #36:	AngelsNAirwav3s posted... The "price of oil" is based on oil futures contracts. People try to predict how much supply and demand there will be in the next month. Of course you don't know actual demand drops until the oil is actually consumed. I think we are just arguing semantics here, the prices crashed because people anticipated demand would be lower once the lockdowns went into place. Unless you believe there is some other mysterious reason the prices went down. https://tinyurl.com/y8yxjzwf There are some similarities today to what the Saudis did then, this time with Russian assistance. The aim is to inflict pain on American frackers, forcing them to shutter wells and give up the market share the U.S. has taken from Saudi Arabia, Russia and others. The aim of both Saudi Arabia and Russia is to inflict pain on American producers forcing them to shutter wells and give up the market share. --- http://www.last.fm/user/walkingishonest <cite>Kombucha posted [p:937873977] in My friend ... [t:78609066]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>The "price of oil" is based on oil futures contracts. People try to predict how much supply and demand there will be in the next month. Of course you don't know actual demand drops until the oil is actually consumed. I think we are just arguing semantics here, the prices crashed because people anticipated demand would be lower once the lockdowns went into place. Unless you believe there is some other mysterious reason the prices went down.</quote> https://tinyurl.com/y8yxjzwf <quote>There are some similarities today to what the Saudis did then, this time with Russian assistance. The aim is to inflict pain on American frackers, forcing them to shutter wells and give up the market share the U.S. has taken from Saudi Arabia, Russia and others.</quote> <quote>The aim of both Saudi Arabia and Russia is to inflict pain on American producers forcing them to shutter wells and give up the market share.</quote> </quote> ... Copied to Clipboard!
Jagr_68 04/22/20 11:34:05 AM #37:	My friend flushed $1800 down the toilet yesterday. Smart move? --- New York Rangers [2004-2008] https://media.giphy.com/media/WvQHBYW0q4TuxdAg61/giphy.gif https://psnprofiles.com/Jaromiroquai68 <cite>Jagr_68 posted [p:937874454] in My friend ... [t:78609066]...</cite> <quote><quote>My friend flushed $1800 down the toilet yesterday. Smart move?</quote> </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/22/20 11:41:00 AM #38:	Time_Rider posted... The prices crashed well before those anticipations. No, oil was at almost a 52 week high in January at $62. When china started shutting down it dropped 25%. https://www.cnbc.com/2020/02/27/oil-markets-coronavirus-spread-in-focus.html That is from the end of February. Speculations that coronavirus may spread in the United States prompted a series of fresh selling, said Kazuhiko Saito, chief analyst at Fujitomi Co. --- Hello world! <cite>AngelsNAirwav3s posted [p:937874785] in My friend ... [t:78609066]...</cite> <quote>Time_Rider posted... </cite> <quote>The prices crashed well before those anticipations.</quote> No, oil was at almost a 52 week high in January at $62. When china started shutting down it dropped 25%. https://www.cnbc.com/2020/02/27/oil-markets-coronavirus-spread-in-focus.html That is from the end of February. Speculations that coronavirus may spread in the United States prompted a series of fresh selling, said Kazuhiko Saito, chief analyst at Fujitomi Co. </quote> ... Copied to Clipboard!
DevsBro 04/22/20 11:44:15 AM #39:	Probably not the best possible time but you gotta imagine it will go up eventually. It might even spike after reopenings if they're not done right, which they probably won't. --- 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 53 <cite>DevsBro posted [p:937874933] in My friend ... [t:78609066]...</cite> <quote>Probably not the best possible time but you gotta imagine it will go up eventually. It might even spike after reopenings if they're not done right, which they probably won't. </quote> ... Copied to Clipboard!
Time_Rider 04/22/20 11:45:20 AM #40:	AngelsNAirwav3s posted... No, oil was at almost a 52 week high in January at $62. When china started shutting down it dropped 25%. https://www.cnbc.com/2020/02/27/oil-markets-coronavirus-spread-in-focus.html That is from the end of February. Speculations that coronavirus may spread in the United States prompted a series of fresh selling, said Kazuhiko Saito, chief analyst at Fujitomi Co. I'm not talking about in January. No shit it was high then. March is when the crash happened, well before any demand issues were arising or could he considered. You're just wrong man. US consumer demand did NOT cause these low prices. They are maintaining them however. Last response you'll get from me because you keep repeating this disingenuous and incorrect narrative. It's pointless to engage --- I'm Amped to be here <cite>Time_Rider posted [p:937874984] in My friend ... [t:78609066]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>No, oil was at almost a 52 week high in January at $62. When china started shutting down it dropped 25%. https://www.cnbc.com/2020/02/27/oil-markets-coronavirus-spread-in-focus.html That is from the end of February. Speculations that coronavirus may spread in the United States prompted a series of fresh selling, said Kazuhiko Saito, chief analyst at Fujitomi Co.</quote> I'm not talking about in January. No shit it was high then. March is when the crash happened, well before any demand issues were arising or could he considered. You're just wrong man. US consumer demand did NOT cause these low prices. They are maintaining them however. Last response you'll get from me because you keep repeating this disingenuous and incorrect narrative. It's pointless to engage </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/22/20 12:19:29 PM #41:	Time_Rider posted... I'm not talking about in January. No shit it was high then. March is when the crash happened, well before any demand issues were arising or could he considered. You're just wrong man. US consumer demand did NOT cause these low prices. They are maintaining them however. Last response you'll get from me because you keep repeating this disingenuous and incorrect narrative. It's pointless to engage I just posted an article from February saying demand decline was already cratering prices. OPEC+ had an emergency meeting in March, and that is where Russia and Saudi decided to increase production. This caused the decline that was already happening to accelerate. If Saudi and Russia were the real reason oil prices are down, then we would be back to $60 oil right now since they just agreed to the biggest production cut ever, but oil is even lower. If you are so sure that all the analysts are wrong and this isn't a demand issue, then what do you think is the reason oil is down? --- Hello world! <cite>AngelsNAirwav3s posted [p:937876725] in My friend ... [t:78609066]...</cite> <quote>Time_Rider posted... </cite> <quote>I'm not talking about in January. No shit it was high then. March is when the crash happened, well before any demand issues were arising or could he considered. You're just wrong man. US consumer demand did NOT cause these low prices. They are maintaining them however. Last response you'll get from me because you keep repeating this disingenuous and incorrect narrative. It's pointless to engage</quote> I just posted an article from February saying demand decline was already cratering prices. OPEC+ had an emergency meeting in March, and that is where Russia and Saudi decided to increase production. This caused the decline that was already happening to accelerate. If Saudi and Russia were the real reason oil prices are down, then we would be back to $60 oil right now since they just agreed to the biggest production cut ever, but oil is even lower. If you are so sure that all the analysts are wrong and this isn't a demand issue, then what do you think is the reason oil is down? </quote> ... Copied to Clipboard!
AngelsNAirwav3s 04/23/20 11:00:40 AM #42:	Looks like your friend made a good call, oil stocks up again today --- Hello world! <cite>AngelsNAirwav3s posted [p:937935300] in My friend ... [t:78609066]...</cite> <quote>Looks like your friend made a good call, oil stocks up again today </quote> ... Copied to Clipboard!
MFBKBass5 04/23/20 11:08:57 AM #43:	AngelsNAirwav3s posted... Looks like your friend made a good call, oil stocks up again today Yep. Im considering buying $300 in crude oil(UCO). In February their stock was at $300/share and now its at like $20. Itll bounce back up for sure. --- !!!!!!!!! https://imgur.com/DzJSPWA <cite>MFBKBass5 posted [p:937935723] in My friend ... [t:78609066]...</cite> <quote>AngelsNAirwav3s posted... </cite> <quote>Looks like your friend made a good call, oil stocks up again today</quote> Yep. Im considering buying $300 in crude oil(UCO). In February their stock was at $300/share and now its at like $20. Itll bounce back up for sure. </quote> ... Copied to Clipboard!
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Current Events > My friend bought $1800 in oil stock yesterday. Smart move? (+) Yeah! (+)

Current Events > My friend bought $1800 in oil stock yesterday. Smart move?