/biz/ - Business & Finance

>>18719494
>Also "priced in" is a meme based on long debunked theory.
priced in meme has been priced in

>>17425957
No, don't count on that in this case. Oil is tied to economic strength, at least in part. If index goes down, oil goes down, usually. Chyna factories being closed is bad for oil demand and so bad for oil price. However, once Chyna gets its shit together and gets Corona chan under control, more importantly factories up to full chooch, their oil demand will shoot right back up. That will be good. But that's not happening right away and won't for at least a couple months. My initial thesis on oil entry was partly TA based and partly knowing that OPEC really would like to cut production now (except for Russia) to get the price up some. That was before Corona cases started popping up in larger numbers outside of China. Now i'm in defence mode trying to get my position size back down to a reasonable percentage rather than the large percentage it currently is due to a defensive cost average buy. That gap down on Sunday was not part of the optimal plan. OPEC meeting is March 6th and I don't want to go in to that with oil being fucking 30% of my portfolio.

>>17426044
Remember that Burry was almost too early and he nearly got liquidated before hitting pay dirt.

>>16560736
You guys are evil.

>>6585550
Don't lose your hope, you can do anything as long as you have that. When you give up then you really do have nothing. I'm sure it will go back up, maybe not to whatever you need it to be right now, but it will.

>>6585592

>>5669000
Be gentle