Not on margin, the account happens to have margin enabled so it says margin
Seeing how the whole world runs on fuel and how scarcity creates demand I figured this would be a good little flip.
Good friend and fellow richie Warren Buffet owns tons of OXY too
Anyway back to my coloring book
https://i.redd.it/8dymbytrwxug1.jpeg
Posted by two_beers_left
13 Comments
you counting your chickens before your eggs hatch, regard?
The green crayons must taste better when they’re funded by geopolitical instability.
If this idiocy goes on long enough then demand collapse is a real possibility.
I don’t think you know what a whim is
will print
Man I love and hate OXY. It’s undervalued if oil sustains high prices for multiple months more. But it just drops like a rock with oil price, and pumps mildly with oil price.
That said, I have a big position in this, and various other similar picks. I think the shortages wont dissapear for many more months, and I don’t want to sell when I think the stock is sorta undervalued. Different story if it pumps more from here.
On margin no less.
Up around 3% pre market, thought it would be more… good luck
I can’t find the price in the screenshot. Can anyone help me find the price?
lol 100k on headlines is a wild move but I like it.
I bought $70k worth of oil stocks when this started and they’ve amazingly hardly moved. Higher oil prices pretty much baked into the next two earnings reports. Either oil stocks bang or I average down, collect dividends for the next 5 years and wait for the next oil run to sell. Minimum downside with an easy double in the next 6-12 months.
Plz invite me on ur new boat i did oil etf 🙁
Congrats on making $1.7k on a $100k bet.
Also, I use this app. You bought it with margin if it says margin.