Hi readers
If you want to ever see the market getting short squeezed you saw it on Thursday and Friday.
OPEC members have no intentions of give up any market share to anyone, that includes Iran.
Iran has intentions to sell a hell of a lot of oil while it still can before they once again get hit by sanctions.
2 small shale producers going seeking bankruptcy protection either doesn't mean that the slide is over in oil either.
If anything it's the lower oil prices keeping the world economy from going into recession.
So before anyway put the bull suit on we are in a Mercury retrograde which goes direct today, allow a good 48 hours and then view what's going on.
I too make errors!
I lost a lot of money thinking the market was overlooked yet not looking at the planetary movement which was occurring .
Getting sucked into the moment and straying away from rules has cost me over $100,000 in losses.
Mercury once again has taught me to show it respect as it can hurt you when you least expect it.
For the next week I'm just going to sit back and watch and observe how the market trades.
I don't believe in any recovery in any economy at the present time as they are all interconnected.
Certain sectors are doing well.
As for oil, we are in an election year and as some of you have pointed out to me oil tends to find a low this year, so where that price is I don't believe it's above $25 . So let's see how things play out.
With the snow storms in the US also I doubt that the inventory numbers will decrease as everyone will be indoors.
As for BHP well we are starting to see some numbers coming out from the company, 25 billion for the clean up add another 20% and you get the right number.
Then we have potential write downs also should cost another 15-20 billion.. And you get a true value on the stock.
So by my numbers 13.45-13.95 is value for BHP stock.
Should they cut there dividend the stock might fall to 12.50 with pensioners and retail panic deserting the stock, of fear of lower prices.
This is my plan so your all aware.
Should the stock trade under $14 I'll be buying 400 shares every day the stock is under $14. Total 100K
No rush I have all year to buy it, this is a long term investment.
Same with RIO TINTO if that stock trades under $18 same play.
In 15 years time the dividens will have paid for the stock and the stock will be for free.
That's what type of investment this is, so think about it before considering it .
Don't rush it, time is on your side.
As for banking stocks not interested in owning as they are all extremely overvalued.
The loop hole they are using to hide bad loans will be exposed soon.
Bad loans are far greater than is being reported.
This is for both Australia and the U.S.
If you want to ever see the market getting short squeezed you saw it on Thursday and Friday.
OPEC members have no intentions of give up any market share to anyone, that includes Iran.
Iran has intentions to sell a hell of a lot of oil while it still can before they once again get hit by sanctions.
2 small shale producers going seeking bankruptcy protection either doesn't mean that the slide is over in oil either.
If anything it's the lower oil prices keeping the world economy from going into recession.
So before anyway put the bull suit on we are in a Mercury retrograde which goes direct today, allow a good 48 hours and then view what's going on.
I too make errors!
I lost a lot of money thinking the market was overlooked yet not looking at the planetary movement which was occurring .
Getting sucked into the moment and straying away from rules has cost me over $100,000 in losses.
Mercury once again has taught me to show it respect as it can hurt you when you least expect it.
For the next week I'm just going to sit back and watch and observe how the market trades.
I don't believe in any recovery in any economy at the present time as they are all interconnected.
Certain sectors are doing well.
As for oil, we are in an election year and as some of you have pointed out to me oil tends to find a low this year, so where that price is I don't believe it's above $25 . So let's see how things play out.
With the snow storms in the US also I doubt that the inventory numbers will decrease as everyone will be indoors.
As for BHP well we are starting to see some numbers coming out from the company, 25 billion for the clean up add another 20% and you get the right number.
Then we have potential write downs also should cost another 15-20 billion.. And you get a true value on the stock.
So by my numbers 13.45-13.95 is value for BHP stock.
Should they cut there dividend the stock might fall to 12.50 with pensioners and retail panic deserting the stock, of fear of lower prices.
This is my plan so your all aware.
Should the stock trade under $14 I'll be buying 400 shares every day the stock is under $14. Total 100K
No rush I have all year to buy it, this is a long term investment.
Same with RIO TINTO if that stock trades under $18 same play.
In 15 years time the dividens will have paid for the stock and the stock will be for free.
That's what type of investment this is, so think about it before considering it .
Don't rush it, time is on your side.
As for banking stocks not interested in owning as they are all extremely overvalued.
The loop hole they are using to hide bad loans will be exposed soon.
Bad loans are far greater than is being reported.
This is for both Australia and the U.S.
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