re: Time to buy some XOM(Oil stock discussions)?

quote:

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ETA: Executed on the blip down 8/24. Time for a wild ride.
XOM 67.92
CVX 70.50
EOG 69.82

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Finally closed out the last position today, EOG at +25%, after limit orders took out CVX at +30% and XOM at +25%. However, I'm kicking myself since CVX has gone up another $6/share since then.

Fortunately this was a way bigger bet than my EXXI parlay that lost ~50%.

I think there's a good chance we have another downward spike (maybe not quite as far down) unless oil prices improve before the end of the year. I'm not bold enough to short anything, though.