Looks like oil may be taking another dive with the US producing somewhat of a "glut", I think the only thing keeping it as high as it is are the cuts agreed upon, with the Saudi's eating the bulk of said cuts. If they break ranks and increase production...helloooo 30's, IMVHO anyway.
I haven't done a whole lot lately however I did go ahead and unload some of my bottom dweller (and other misc. lots) stuff for a tidy little profit. MCK, BMY, CC, CEPQ to name a few. I've had a decent run playing with good stocks that missed or whatever and tanked for not much reason, it's been fun. I do however have my elephant gun locked and loaded with my finger on the trigger. Well, OK, more like a red ryder model #1938 with a compass in the stock that shoots about 200' PS.
I'm not ballsy enough to short oil, especially the DWTI. Not yet anyway. I did start a small position in T and added a few in drips and drabs in some core holdings, but basically a fest.
Any other exciting things going on here?
I haven't done a whole lot lately however I did go ahead and unload some of my bottom dweller (and other misc. lots) stuff for a tidy little profit. MCK, BMY, CC, CEPQ to name a few. I've had a decent run playing with good stocks that missed or whatever and tanked for not much reason, it's been fun. I do however have my elephant gun locked and loaded with my finger on the trigger. Well, OK, more like a red ryder model #1938 with a compass in the stock that shoots about 200' PS.
I'm not ballsy enough to short oil, especially the DWTI. Not yet anyway. I did start a small position in T and added a few in drips and drabs in some core holdings, but basically a fest.
Any other exciting things going on here?