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Bullish on Oil
Posted: Wed Nov 01, 2006 5:52 pm
by KC Scott
Oil is reaching an Intratrend Bottom.
Bought the OIH (Oil investment Holders) ETF today at 131.05
Posted: Wed Nov 01, 2006 6:06 pm
by Mister Bushice
do you use one of the big brokers like scotttrade, or a local one?
also, where can a hisotrical trend for OIH be seen?
Posted: Wed Nov 01, 2006 9:15 pm
by KC Scott
Scottrade - $7 per trade - pretty good execution
You can pull relevant info on OIH at Yahoo:
http://finance.yahoo.com/q?d=t&s=OIH
I'll throw up a chart later that shows the bottom / Trend reversal
Posted: Thu Nov 02, 2006 12:06 am
by Mister Bushice
Question. Lets say I buy in 10 shares at 131.05. After a month, it shoots up to 152.05, and I decide to sell, because i think it might trend back down.
I have made $210 bucks. What in hell can I do with that money and the original investment? Move it to another stock? cash it out? or does scott trade hold cash in an escrow type account that you can use at a later date?
Posted: Thu Nov 02, 2006 2:22 pm
by KC Scott
Mister Bushice wrote:
I have made $210 bucks. What in hell can I do with that money and the original investment? Move it to another stock? cash it out? or does scott trade hold cash in an escrow type account that you can use at a later date?
All of the above -
unused funds are in an interest bearing account until applied to a security
Posted: Sat Nov 04, 2006 5:59 am
by Mister Bushice
Good call on this one. It's up to $135.97
Posted: Thu Nov 09, 2006 7:43 am
by Mister Bushice
139. looking better.
You do any brokering, Scott? :)
Posted: Thu Nov 09, 2006 4:33 pm
by KC Scott
I just sold OIH at 142.10 - I think it will pull back now.
Always a good idea to take profit when you have a run up that quick.
I'll look to re-enter after I guage the pullback.
Posted: Sun Dec 31, 2006 9:23 pm
by Joey Moss
Long time lurker formally known in SCIII as Timmy Canuck...
Anyway, I just saw this thread and thought I'd through out this link for those of you interested in Oil.
http://www.321energy.com. It's not much to look at but it's fairly balanced and is a good link to enegy stories from around the world.
PS- I work as a petroluem geologist here in calgary but I don't invest in the patch since my job and options are already rinding on the oil price I don't need any more eggs in that basket.
Posted: Wed Jan 03, 2007 8:21 pm
by KC Scott
Oil is still pulling back - a lot of factors in play too include the mild winter, and the inability of OPEC to stick to their called for cuts.
There is still significant downside before I'll call buying oil.
Thanks for the Input JM