i've been reasearching investment newsletters and there are just too many to choose from. does anyone subscribe to a newsletter they are actually satisfied with? Like happy with their returns? ...
Does the profit of the company, popularity of the company's products, the selling of the products, the welfare of the company, etc. help determine the price of a share?? Additional Details<...
When the market drops a reason that is given sometimes is that the dealers "Took Profits, or "profits were being locked in." This is OK to do providing you have something else to buy. ...
that the sub prime debacle would not filter into the rest of the economy, now he tells us that the housing meltdown has bottomed out, are we to believe anything this guy tells us?...
5 yrs ago, the wife and I put £30K in a 5 yr fixed rate bond in the B&B.
In about 6 weeks the 5 yrs is up and the bond matures.
The combined Net interest for the 5 yrs comes to about £...
I have some money that I would like to put away for use a couple of years down the line and don't know if I should go with a financial consultant or just open a savings account at my bank?...
A couple of weeks ago http://oil-profits.org/ predicted that crude oil would test support at $60. That appears to be happening today.
In my opinion the energy sector has some tremendous value at this time. While oil demand may be down, any conflict with Iran could send oil prices towards $100 in a very short amount of time.
http://oil-profits.org/ has some interesting charts and info on the current crude oil price. It is worth a look.
MikeInRI
Oil prices can go lower - what I would suggest if you are really interested to invest in oil companies the one to start building a position are the major intergrated like XOM and/or CVX. The smaller ones are better to buy on the way up in price because they have great volitilty.
Just for the purposes of disclosure I do own some XOM
pdonlevy
Commodities tend to run in a boom and bust cycle, so its difficult to say how low oil can go.
I agree that It is too soon to take a long term position in any of the energy related stocks. Check back in January.
highjumper
It is not a good idea to 'invest' when the price is on the way down.
mth6101
you must remember that this same thing happened in the 80's. oil prices skyrocketed, people invested. then the price crashed. leaving a lot of people out of a lot of money. investing in oil is risky, there could be big payoff, but youcould lose alot. espcially with the development of alternate sources of energy becoming more popular.
Frank Castle
1) Yes.
2) No.
Man of Steel
Yes. I would avoid all oil stocks until January. No, this is not a good time to invest. I would expect oil prices to bottom out by December and then start to re-establish a bullish trend by Jan-Feb. So, basically, if your looking to invest, wait until Decemer and watch for the energy stocks to bottom out and re-establish their bullish trend.
john d
Yes they can go lower...question is will they go lower?
Good time to invest? depends are you buying long or selling short? Are you doing options? Puts? Calls?
Its always a good time to invest. Question is what direction is the price going? Up or down or sidways?
What are your goals and what do you want to invest in? We need a little more information.
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