Originally posted by Charles
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Originally posted by rtp View PostI havent followed it too much but I wonder if it is the rich guy playing the little while the media story is the exact opposite? Rich guys laughing all the way to the bank as usual.
Actually this is the little guys sticking it to the hedge funds that keep shorting this and other stocks. Jump on Reddit, they are pushing to hold so HF lose on shorts and are forced to buy to minimize losses.
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Originally posted by TwoHighways View PostOil will go higher. This bull market is just getting started. Companies that survived the negative oil prices of April 2020 are leaner than ever and focused on reducing debt and returning cash to shareholders over increasing capex. The developing world doesn't give a **** about green energy. They'll burn whatever is cheapest to satisfy their growing energy needs. Midstream is another great place to be as the feds aren't going to allow new pipelines to be built, which will give pricing power to existing pipeline operators. Plus, they pay some good divys. Tech was the place to be the last decade. There will be a big money rotation out of the nasdaq into value stocks and commodities.
Thanks again
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Originally posted by ShoootLow View PostHard to buy SLB when they turned in a $17B loss last year. I’d look closer before jumping in too deep.
I hope I’m right and you’re wrong. [emoji3]
The big loss last year was mostly due to huge write downs on a lot of the companies they had previously purchased if I recall correctly. Their technology is second to none and will play a critical role moving forward IMO.
At the end of the day they are all just educated bets. I’ve been wrong before and likely will be again. [emoji2357]
Sent from my iPhone using Tapatalk
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Originally posted by Dave W View PostI wish I knew more about the stock market. I don’t even know where to start.
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