Time to buy oil.

[CrazyTrader55]

I bought some USO yesterday afternoon. The "cease fire" doesn't appear that it is going to hold. The sharp drop yesterday was a gift.

 

[The Duke]

You posted that today? I would not. Unless you're going to sell it in a day or 2.

 

[CrazyTrader55]

You posted that today? I would not. Unless you're going to sell it in a day or 2.

I'm up 5% already

 

[The Duke]

I'm up 5% already

OOoOoooooOO

5% on how much?
I say you're flirting with disaster.
You gonna sell at the end of the day?
Tomorrow? Tomorrow would probably be peak, but don't listen me about that, you do you.

 

[Thinker101]

I bought some USO yesterday afternoon. The "cease fire" doesn't appear that it is going to hold. The sharp drop yesterday was a gift.

Personally, I don't buy individual stocks. If I did oil is way too volatile for me.

 

[The Duke]

Personally, I don't buy individual stocks. If I did oil is way too volatile for me.

I'd have to have Pelosi-level information before considering buying oil.
So do you do Mutual funds, or 401K? There's some good mutual fund guys out there.
That's who I learned from, on a field trip, in jr. high.
What he taught us works good so far, seriously.
I would say McDonnel-Douglas and Raytheon would be good stocks to buy right now if they're below the median. ( I have no idea if they are or not)
Yeah, they are not buys right now.

 

[Thinker101]

I'd have to have Pelosi-level information before considering buying oil.
So do you do Mutual funds, or 401K? There's some good mutual fund guys out there.
That's who I learned from, on a field trip, in jr. high.

Even with Pelosi level information, I probably wouldn't. Oil, to me would be a short term play, which means I would either pay taxes or looking for a loss. Currently I'm mostly in Mutuals going through an advisor. Learned my lesson doing 2024 taxes, I was mostly in CD's, and the tax bill was horrendous.

 

[CrazyTrader55]

OOoOoooooOO

5% on how much?
I say you're flirting with disaster.
You gonna sell at the end of the day?
Tomorrow? Tomorrow would probably be peak, but don't listen me about that, you do you.

I have a pretty unique investment style. I'm "anchored" with corporate bonds - 75% roughly - but trade on the remaining 25%. I have often flipped a stock within a couple of days after buying it. I will probably hold USO for at least another few days, because no matter what Iran/U.S negotiate - it doesn't look like Israel is going to cooperate. No reason for oil to come back down.

I also bought some IHAK earlier this week. Cybersecurity is a great short term and long term play.

 

[The Duke]

I have a pretty unique investment style. I'm "anchored" with corporate bonds - 75% roughly - but trade on the remaining 25%. I have often flipped a stock within a couple of days after buying it. I will probably hold USO for at least another few days, because no matter what Iran/U.S negotiate - it doesn't look like Israel is going to cooperate. No reason for oil to come back down.

I also bought some IHAK earlier this week. Cybersecurity is a great short term and long term play.

I'll give you a reason for oil to come back down: Venezuelan oil is flowing into Louisiana to be processed.
That's happening, right now. Also, Iran done violated the ceasefire and US military is about to clear the Strait of Hormuz.
The mine-destroying team is there now, with backup to shoot whatever tries to attack them and then the source will be eliminated, and China will get the oil they need. Iran attacked an oil tanker bound for China, you know.
The cargo was not lost, and it will get there late, but it will get there. Israel probably took out the attackers.

 

[CrazyTrader55]

Update, I sold my USO for a modest 1 day profit. Very modest. Israel has agreed to talks with Lebanon.

 

[Concerned American]

I'm up 5% already

And unless you sold it, you're right back where you bought it at the end of the day.