Right now the oil industry is in a crisis and its like a depression in Houston right now. Tens of thousands of people being laid off and oil stocks are in the toilet. My idea is to wait another month or so till the Iranian oil hits the market and then buy about $5k of oil stock and I should make a killing in a year or two when it gets expensive again.
Anonymous B joined in and replied with this 11 years ago, 3 minutes later[^][v]#588,833
In b4 a viable cold fusion energy production method is found and you're out 5 grand
Metæ (OP) replied with this 11 years ago, 3 minutes later, 7 minutes after the original post[^][v]#588,834
@previous (B)
With unlimited free energy we'd all get so wealthy $5k would be a pittance.
Syntax joined in and replied with this 11 years ago, 1 hour later, 1 hour after the original post[^][v]#588,858
@OP
Yes its best to wait for a crash of a quality stock and buy low.
Oil? I do a LOT of stock market investing. That said I do not mess with Oil stocks. Just beyond my scope of figuring out where its headed.
Not really saying I have never taken a short chance on oil and I do mean Short but that a very different thing cause its betting on a Fail and its risky - So good luck!