re: Oil stocks...are you buying?

I'm not saying I agree with this, but read through it, forget the source, and pay attention to the methodology used. It is not unlike when natural gas was devastated and everyone said we would never work our way out of the glut. So no one really knows.

LINK /

Here's my take. Every time an asset class turns bearish, and always after the fact, analysts jump on the bear bandwagon. So I start to look for minority opinions, or the contrarian view. At some point some of the predictions slowly come to fruition. And then I try to make a move.

So what I know is this. The glut is probably over exaggerated. I don't know how much, and I don't know if this guy's take on it is correct. But I merely Google search this guy for any additional articles occasionally. Because if he's correct, he'll come back to write another article to take credit for being right. Almost always, and almost immediately upon anything he writes being correct.

I also tend to pay attention to Pickens. Because he makes predictions all the time, and when he is wrong (which he has been a lot lately) he actually comes back and admits he was wrong. Very few of the "expert" admit they're wrong ever. It's like the guys on here that talk about great trades, but never post a trade that goes south on them. They just aren't credible to me. Because I tend to live in reality.