Holding in a volatile market
The market is up. Now it's down. Now it's up.
This is the time for traders, not investors. I prefer to buy and hold. But some short term trades may be necessary.
This is the time for traders, not investors. I prefer to buy and hold. But some short term trades may be necessary.
posted by Andrew at
7:08 AM
4 Comments:
Dear Andrew,
What is your reason that the oil should be around $120.00 ?
You mentioned the OPEC countries is wanting it around $120. What is the reason behind that ?
I notice that the oil equipment/drilling related companies such as MDR also dragged down when the oil price coming down.
thanks
your faithful follower
Oil services and drillers as a hedge against rising Oil are not working anymore. The theme of equity rise with oil drop may not work for long...because the market has become too predictable and everyone now thinks that they are smart and they know the market movement.
I think this market will do something different . Capitulation next? Everything including Oil will go down?
Yep, All the calls that was recently added are getting smacked atleast 60% down on most of them. I would agree with earlier post that it feels like the commodity party is over...
etfc is down .. right around 3$... you still holding ?
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