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Originally Posted by CharlieDontSurf
btw - u mentioned SHOP as a prime takeout candidate way back when in a random post...thanks for that as it wasn't on my radar and entered shortly after looking into it more. exited in the 90s
No problem dude. I got completely out way too early but still made a decent chunk. Rafiki did well on it as well, getting a decent pullback to put serious money to work again (like in the $60s) may require a legit correction in the tech names which I don't see happening anytime soon. Still surprised it's an independent company given the growth of its customer base, their partnerships, and no debt.
Quote:
Originally Posted by Smokey_The_Bear
AET>>ANTM if you're gonna go down that route, I can go into a lot of detail if you want. All 4 are at all time highs, (ANTM/AET/CI/HUM), i'd go CI/AET if you're looking for a hold. Been a fan of Altria for a while I like that pick too.
Gonna shameless brag in here on my wsop score since this is the only place I post anymore, took 7th in event 25 last week.
Congrats dude on that FT, quite an accomplishment.
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Originally Posted by daChimp
If we assume oil is range bound (40 to 50), and market shrugs off positive news (falling stockpiles and OPEC discussing deeper cuts)... is it time to catch the falling knife before we wake up to a major gap up?
Seems like a bit of an over reaction and frustrated oil investors. And we could see a fairly decent gap up soon. There is a lot of movement in middle east (probably due to $$ and oil) such as Saudi prince and Qatar.
There are much sharper investors/traders than me in here. Do any of you guys see a reason not to go big here?
What do you want to trade? The commodity, the various oil related ETFs, individual names? Deflation/technology has affected this sector more than anyone talks about. Oil has never been easier to find & produce, there is way more in our natural (& actual barrel) reserves than was thought possible even a few years ago & we are quickly moving to renewable resources.
The thing about the commodity itself is that chart is insane over a multi year period. I don't want to own it or trade it especially with the Aramco IPO on the horizon, there are plenty of opportunities elsewhere.
As far as individual names, I definitely get involved when I see unusual activity in some of the big caps. Don't see a need to fight the trend lower until they can begin to carve out some kind of bottom.