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STOCK MARKET: Let's talk stocks and investing

Discussion in 'BBS Hangout' started by SWTsig, Jun 2, 2008.

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  1. Dr of Dunk

    Dr of Dunk Clutch Crew

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    #9461 Dr of Dunk, Apr 20, 2020
  2. Mr. Brightside

    Mr. Brightside Contributing Member

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    Are you still buying oil here?
     
    #9462 Mr. Brightside, Apr 20, 2020
  3. peleincubus

    peleincubus Member

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    wow. how low can this go?

    Does this eventually effect chevron and Exxon in a good way? that's the only exposure I have for oil besides and ETF.
     
    #9463 peleincubus, Apr 20, 2020
  4. Major

    Major Member

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    Oil didn't really drop that much today in the big picture - they are measuring the immediate futures contract, which expires tomorrow. On Wednesday, Oil will be back above $20 as it rolls over to the new contract. The issue is that no one wants to actually own the oil that would be physically delivered using tomorrow's contract.

    The only way to buy oil at $10 is if you want it delivered to your house in the near future.
     
    #9464 Major, Apr 20, 2020
  5. KingCheetah

    KingCheetah Contributing Member

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    Texas crude at $10.xx a barrel...oof.
     
    #9465 KingCheetah, Apr 20, 2020
  6. K LoLo

    K LoLo Member

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    Just saw $7.76. Crazy.
     
    #9466 K LoLo, Apr 20, 2020
  7. The Real Shady

    The Real Shady Contributing Member

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    May futures oil contract CL is $5.58. June currently at $22.52. Almost tempted to buy some futures contracts and have it delivered.
     
    #9467 The Real Shady, Apr 20, 2020
  8. adoo

    adoo Member

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    they forgot booze https://news.usc.edu/168549/covid-19-alcohol-sales-abuse-stress-relapse-usc-experts/
     
    #9468 adoo, Apr 20, 2020
  9. seanluu

    seanluu Member

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    What’s the play here on oil? Buy some leveraged oil ETF that bets that oil price will come back up. If I’d like to do that, what are my options. I had a buddy tell me $UWT but it looks like it’s paused or I can’t buy it.
     
    #9469 seanluu, Apr 20, 2020
  10. Redfish81

    Redfish81 Member

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    Did well with FLIR today shares and options. Sold all the options. Then sold half my shares and put a stop on the other half locking in a nice profit no matter what. Now I'm playing with house money.
     
    #9470 Redfish81, Apr 20, 2020
    CCity Zero likes this.
  11. Dr of Dunk

    Dr of Dunk Clutch Crew

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    I just want to see if WTI turns negative. Talk about wild.
     
    #9471 Dr of Dunk, Apr 20, 2020
  12. Amiga

    Amiga 10 years ago...
    Supporting Member

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    Did I see that right? Oil at below $3?
     
    #9472 Amiga, Apr 20, 2020
  13. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Briefly just a moment ago.
     
    #9473 Dr of Dunk, Apr 20, 2020
  14. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Not so briefly now...
     
    #9474 Dr of Dunk, Apr 20, 2020
  15. CCity Zero

    CCity Zero Member

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    I finally got something out of USO.... And made some to cover other junk - garbage Put play but it worked, I'm not holding because USO is a mess as previously discussed
    UWT is gone/removed, I think since end of March
     
    #9475 CCity Zero, Apr 20, 2020
  16. thegary

    thegary Contributing Member

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    Wow
     
    #9476 thegary, Apr 20, 2020
  17. Major

    Major Member

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    LOL. Oil is going go up like 800% tomorrow or Wednesday (not sure the exact time the contract expires) and people are going to be talking about the biggest rally ever in oil prices.
     
    #9477 Major, Apr 20, 2020
  18. CCity Zero

    CCity Zero Member

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    SCO is something to consider, but it's up already, not sure how much further here. This is definitely not financial advice
     
    #9478 CCity Zero, Apr 20, 2020
  19. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    Empty KFC buckets are more expensive than a bucket of oil
     
    #9479 REEKO_HTOWN, Apr 20, 2020
    Bandwagoner likes this.
  20. MadMax

    MadMax Contributing Member

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    holy crap...just looked at it was $1.04.
     
    #9480 MadMax, Apr 20, 2020
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