Results 1 to 10 of 82
01-11-2016, 03:57 PM #1
I picked this up today Hori. Beta. NYMEX Cr. Oil Br. Pl (ETF)(TSE:HOD) @ $25.10 - Oil continuing to drop in price still due to weak demand and strong supply/production, Tehran is to add 500,000 B/D once the embargo has been lifted. Analysts are calling for $20 oil but I won't read into it much as they use to call for $200 oil just a couple of years ago, no one really knows unless you are in the know.
What's everyone's take on this play?
Update: Closed position @$27.20, saw 5 null ticks on WTI live chart which led to a reversal, I was lucky enough that it corrected and came back down to hit my exit point. One hell of a ride today!
Last edited by StockLife; 01-11-2016 at 08:00 PM.
01-14-2016, 01:35 AM #2
Anyone else making crazy profits off of low oil? Let's talk people!
I should have stayed in as HOD has hit $28, we'll see what tomorrow holds.
HOD.TO - SharpCharts Workbench - StockCharts.com
01-14-2016, 05:25 PM #3Senior Member
- Join Date
- Jul 2009
I've been playing with HOD and HOU. Hard to tell tho, i think were so close to the bottom, but who can really tell? I'm interested in this heavily. I feel this is one of the good plays right now. Trading ETF's is a lot more volatile.
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01-14-2016, 09:40 PM #4
Yes it's definitely hard to tell at these low prices, ETFs took over with % gainers on tmxmoney.com lol
Honestly I wouldn't be surprised if we drop below $30 for a few reasons.
1. Iran is to add 2 mill barrels per day to the market this year.
2. Over supply/production weak demand.
3. More renewable energies coming online.
4. Saudi Arabia not reducing their production.
Of course we do not know what the outcome will be until we get there or surprises that come up like an article I read last night stating that shale oil companies are starting to go under at these prices, there is an estimate 1 mill b/d that will no longer be produced due to these companies closing up. Today HOU was the winner but oil prices dropped 8 days in a row so it needed to breathe, it may even go up again tomorrow and into next week. I'll let you know if I find out more.
I will be honest that I am a novice/amateur not a professional but I am taking a serious approach to trading because I do not want to work for a company and never have free time anymore!
01-15-2016, 11:50 AM #5
Iran adding at least 0.5mn bdp soon. Chinese demand is drying up. Dollar is strengthening. Who was it that predicted WTI to hit $20 this year? Goldman Sachs? Ha.
Last edited by McLaren; 01-15-2016 at 11:52 AM.mia san mia
01-15-2016, 01:29 PM #6
Oil dropped below $29.50!!! Let's go HOD today!!!
Yes I completely agree with above poster, yes it was Goldman Sachs but we'll see how low it goes.
01-15-2016, 02:39 PM #7Senior Member
- Join Date
- Jul 2009
Wow, walmart closing 269 stores. HOD up 8.24% this morning. Damn!
01-15-2016, 05:28 PM #8
I got in way too late.. at $29.81.. might drop it for a small profit but it may continue to climb.
01-15-2016, 06:10 PM #9
01-15-2016, 08:34 PM #10
Well I am currently down, bad entry and got stuck doing tasks at work that I wasn't even able to place a stop sell or a stop loss. looks like I'll be holding into the weekend which I really did not want to do.