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Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Discussion in 'Stocks & Investments' started by ThunderOne, Feb 1, 2018.

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  1. Apr 20, 2020 at 10:14 AM
    #8761
    pdaddy

    pdaddy WeLl-KnOwN mEmBeR

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    Yea I know I said I wouldn’t touch my app until Friday but I saw that news and immediately sold all my oil positions. I’ll pick them back up when they go lower
     
    rmepilot likes this.
  2. Apr 20, 2020 at 10:17 AM
    #8762
    rmepilot

    rmepilot Well-Known Member

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    which ones (XOM, BP, CVX,etc.)?
     
  3. Apr 20, 2020 at 10:34 AM
    #8763
    Boyk1182

    Boyk1182 Well-Known Member

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    Is oil getting close to $1 a barrel right now?!?
     
  4. Apr 20, 2020 at 10:45 AM
    #8764
    ThunderOne

    ThunderOne [OP] Well-Known Member

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    I don't get it, why is USO not dropping? Are they liquidating the fund?

    This is the same behavior I saw with UWT/DWT before they dropped it entirely
     
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  5. Apr 20, 2020 at 10:53 AM
    #8765
    pdaddy

    pdaddy WeLl-KnOwN mEmBeR

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    APA
     
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  6. Apr 20, 2020 at 11:00 AM
    #8766
    honda50r

    honda50r Not a Mallcrawler

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    What happens if USO hits zero
     
  7. Apr 20, 2020 at 11:08 AM
    #8767
    rmepilot

    rmepilot Well-Known Member

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    Good Q. I’m trying to figure out why it went back up to $4.
     
  8. Apr 20, 2020 at 11:10 AM
    #8768
    koditten

    koditten Well-Known Member

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    Reserected from the dead.
    I noticed that, too.
     
  9. Apr 20, 2020 at 11:16 AM
    #8769
    Boyk1182

    Boyk1182 Well-Known Member

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    Oil is now negative. Who pays me to give me my barrels?
     
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  10. Apr 20, 2020 at 11:24 AM
    #8770
    Pablo8

    Pablo8 Here!

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    Goofy ass anomalous futures prices...........not real commodity pricing.
     
    Last edited: Apr 20, 2020
    cruiserguy and rmepilot like this.
  11. Apr 20, 2020 at 11:25 AM
    #8771
    pdaddy

    pdaddy WeLl-KnOwN mEmBeR

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    Soooo what does that even mean? So they’re paying us to use oil??
     
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  12. Apr 20, 2020 at 11:28 AM
    #8772
    Iwilltaco

    Iwilltaco Well-Known Member

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    @kairo’s guest house having a water with @not_nick
    Under development
    No, it means nobody can take it, no demand, storage tanks are full. So producers can’t sell it and it costs them money to store it themselves basically
     
  13. Apr 20, 2020 at 11:31 AM
    #8773
    slander

    slander Honorary Crawl Boi

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    Who would have thunk soft banning travel and telling everyone to stay home would cause oil demand and price to crash.
     
  14. Apr 20, 2020 at 11:33 AM
    #8774
    theesotericone

    theesotericone Well-Known Member

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    Certainly not the guys that bought future contracts 6 months ago. lol
     
  15. Apr 20, 2020 at 11:34 AM
    #8775
    pdaddy

    pdaddy WeLl-KnOwN mEmBeR

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    Thank you. So next month’s futures are at $22, this is just for May?
     
  16. Apr 20, 2020 at 11:34 AM
    #8776
    slander

    slander Honorary Crawl Boi

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    I feel sorry for them for approximately .4seconds when I remember back to the last recession and oil was almost $200 a barrel for virtually no reason.
     
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  17. Apr 20, 2020 at 11:36 AM
    #8777
    slander

    slander Honorary Crawl Boi

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    All smartassery aside I bet it pops back up again once stuff starts to open back up.
     
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  18. Apr 20, 2020 at 11:43 AM
    #8778
    travel_taco

    travel_taco Gentlemans Sausage

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    really glad I jumped into a oil-shorted etf this morning.
     
  19. Apr 20, 2020 at 11:43 AM
    #8779
    rmepilot

    rmepilot Well-Known Member

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    Like crazy.

    Is there a suicide watch on WS? :notsure:
     
  20. Apr 20, 2020 at 11:44 AM
    #8780
    gpb

    gpb Well-Known Member

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    Yep - it's not like human nature's going to be any different, nor have we seen a sudden technology shift away from oil.

    A depressed economy will mean it won't be back at original levels, but it's not going to stay down forever.
     
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