When is XOM a buy?
 

$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.

When is XOM a buy?
 

On 8/21/2015 2:05 PM, wrote:
$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.


My crystal ball is fuzzy, but I've been watching and reading a lot
since oil was about $57 a barrel. I put my toe in at $42, but it was to
early. Lost 18% in 8 days. Invested less than 1/2% of my assets. :-)
The reasons I'm reading for lower oil prices are,
Weak demand in China as their economy slows.
US is developing much new oil with fracking and shale oil.
Iran is coming on line as a producer.
Saudia Arabia is pumping oil to slow our shale oil development.
But, this very interesting article says they're to late.

http://www.telegraph.co.uk/finance/o...y-buckles.html

and another,

http://www.oil-price.net/en/articles...aded-lower.php


VDE may be a easy way to play it when you find the time is right for
oil. (Vanguard oil ETF).

Stock market down 456 points as I write.

Have a little cash stashed to go in when things settle.

Mikek






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When is XOM a buy?
 

In article petetatsvo8pq1g4ckk86gc2hp58qofr3a@
4ax.com, says...

$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.

Just buy low, sell high, and don't worry about it.
If you're trading puts, do the opposite, and don't
worry about it. It's not rocket science.

When is XOM a buy?
 

On Fri, 21 Aug 2015 15:05:11 -0400, wrote:

$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.

===

I'm guessing that we're heading into a bear market and this is just
the tip of the iceberg. Cash is king in a down market and
deflationary economy.

When is XOM a buy?
 

On Friday, August 21, 2015 at 4:37:41 PM UTC-4, Wayne. B wrote:
On Fri, 21 Aug 2015 15:05:11 -0400, wrote:

$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.

===

I'm guessing that we're heading into a bear market and this is just
the tip of the iceberg. Cash is king in a down market and
deflationary economy.

Yep. Glad I have some liquid cash stashed away. It will come in handy in the days to come.

When is XOM a buy?
 

Boating All Out wrote:
In article petetatsvo8pq1g4ckk86gc2hp58qofr3a@
4ax.com, says...
$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.
Just buy low, sell high, and don't worry about it.
If you're trading puts, do the opposite, and don't
worry about it. It's not rocket science.


Is that how you made your first million, Kevin?

When is XOM a buy?
 

On Fri, 21 Aug 2015 16:37:28 -0400, Wayne.B
wrote:

On Fri, 21 Aug 2015 15:05:11 -0400, wrote:

$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.

===

I'm guessing that we're heading into a bear market and this is just
the tip of the iceberg. Cash is king in a down market and
deflationary economy.

I think you are right but $40 oil is not going to last. Oil may be the
most manipulated market in all of finance. I know I can't do any
manipulating myself but I would not mind getting some money out in
front of it when they spin it up.
It turned out that I did not get the house next to me so I have a few
bucks to play with.

When is XOM a buy?
 

On 8/21/2015 10:37 PM, wrote:
On Fri, 21 Aug 2015 16:37:28 -0400, Wayne.B
wrote:

On Fri, 21 Aug 2015 15:05:11 -0400, wrote:

$60? $50? $30?

Warren Buffett says you always want to buy when everyone else is
selling.
The way things are going, the defense stocks may be attractive too.

===

I'm guessing that we're heading into a bear market and this is just
the tip of the iceberg. Cash is king in a down market and
deflationary economy.

I think you are right but $40 oil is not going to last. Oil may be the
most manipulated market in all of finance. I know I can't do any
manipulating myself but I would not mind getting some money out in
front of it when they spin it up.
It turned out that I did not get the house next to me so I have a few
bucks to play with.

Monday Aug 24, tighten up your seat belt baby!
Looks like the Dow will open down 850 points.
yow
Mikek

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