Hello people, Wake up!! Do you see how the rest of
Post# of 39368
Posted On: 10/07/2013 4:03:15 PM
Hello people, Wake up!! Do you see how the rest of the market is doing?? It is down because of the US government not solving any problems and neither side coming to an agreement.
The scared individuals are just taking money off the table because they think a downturn is coming, but I think oil stock should be safer, because you always need oil. Plastics , drugs, and even gas/diesels for our millions of cars and trucks, will always demand to be supplied.
Another thought would be that people may be taking their losses for tax purposes, especially if they have hefty gains in other stocks to lessen the tax bite.
TECO will be the stock they cry about in the next few weeks when all the drilling and oil comes to fruition from the new wells and quite possibly Beize if they solve their issues. Wouldn't that be great..We cheer for having the guts to stick it out and the crybabies will cry more wondering why they gave up on this possible great potential.
The scared individuals are just taking money off the table because they think a downturn is coming, but I think oil stock should be safer, because you always need oil. Plastics , drugs, and even gas/diesels for our millions of cars and trucks, will always demand to be supplied.
Another thought would be that people may be taking their losses for tax purposes, especially if they have hefty gains in other stocks to lessen the tax bite.
TECO will be the stock they cry about in the next few weeks when all the drilling and oil comes to fruition from the new wells and quite possibly Beize if they solve their issues. Wouldn't that be great..We cheer for having the guts to stick it out and the crybabies will cry more wondering why they gave up on this possible great potential.
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