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re: Time to buy some XOM(Oil stock discussions)?
Posted on 8/14/15 at 10:12 pm to Jag_Warrior
Posted on 8/14/15 at 10:12 pm to Jag_Warrior
Well I just wrote a long message and it went away. Not re typing but basically I'd hold off for a few days maybe a couple of weeks. I've been watching the vix and everything related to it recently and we could be approaching a buying opportunity. The contango chart has been dropping. Nothing has stood out to me though. All this is solely based on vix. Lots of other factors. I'm holding off until I see signs of a big move up and going to go large. Maybe a few days maybe a few weeks
2
Posted on 8/14/15 at 10:24 pm to thatguy777
Mid 2016 when oil is near $70/barrel is when I'm jumping in.
Posted on 8/15/15 at 9:06 am to thatguy777
quote:
Well I just wrote a long message and it went away. Not re typing but basically I'd hold off for a few days maybe a couple of weeks. I've been watching the vix and everything related to it recently and we could be approaching a buying opportunity. The contango chart has been dropping. Nothing has stood out to me though. All this is solely based on vix. Lots of other factors. I'm holding off until I see signs of a big move up and going to go large. Maybe a few days maybe a few weeks
Oil VIX, or VIX?
Rig count. We're getting awful close. I'll probably go ahead and go long oil soon. I can't time the bottom, and I have a long time horizon.
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