What are you guys thinking oil tanker stonks are gonna do in the next week or so? Trying to make some quick cash before the market tanks again.
Bought TNK and EURN
Ryder Sanchez
the other proper /smg/ was aging off. The weird newfag one never actually goes anywhere.
Ok so while futures are up slightly all other major markets are down at the moment. Doubtful we will see a 3rd day of selloffs.
Jose Gonzalez
Stop making new /smg/s early. There are like 5 of them up.
Dylan Foster
Bros I bought puts on USO at 3 bucks cause I know it's gonna dump even more. Anyone else? I put a very small amount into them so I'll probably need it to dump below 2.55 soon to make decent money.
According to Simply Wall st, KOS should return to about $2.34 a share based on their valuation. I have 178 shares. I bought at 74 cents, it's currently about a dollar. So if I sell approx. 132 shares I will get my initial investment back which was about $132. I would still have 46 shares left. If I keep all of my shares, and it hits $2.34, they will be worth $416. If I take my initial out now, which like I said is about $132, and then the stock hits $2.34, my remaining shares will be worth about $100.
So basically, it's $100 v.s $284 ($416 minus my initial $132), but the $100 is basically zero risk since my initial is already out. Is that right?
Jonathan Watson
The one user who can never get people to go to his threads is butthurt and making them at a rapid pace. Funny enough his tag shows up on all of them and they get auto hidden.
I've only made a handful and only when the previous one auto-saged. Some guy that keeps spamming "newfag" literally made two at the same time.
I think it's about time he transitioned.
Jackson Hall
Sounds like someone is so mad they're not being listened to that they go around resurrecting 4 hour old threads that fizzled and died just to complain about people not taking him seriously.
Technically it's only "worthless" in the sense that there is far too much supply and far too little demand. Getting in on it around bottom is a good investment as logically it cannot stay depressed forever. This is a months long investment and not good for futures contracts trading. But the staples who will still pump oil and suppliers of oil will inevitably still have business when this is all over. This isn't say a green revolution after all. I'm iffy of USO as it stands to collapse very easily. And I'd be looking for other funds that are less exposed to these kinds of short term events.
