MRM 0.00% 33.0¢ mma offshore limited

IMO all these stocks appear to be hitting bottoms, im a very...

  1. 1,066 Posts.
    IMO all these stocks appear to be hitting bottoms, im a very simple person, so i'd wait for the bottom to be apparent then throw a bunch of cash at the ones that are well placed to rocket on the rebound. I think the time to buy oilers is either now or not too long ago, that $50/bl price is getting very close and POO has done well the past week, once folks become a little more comforable money will flow in, at the mom i think folks will be looking at 48-49/bl and be thinking it could still head back to 30 something, once it cracks fifty folks will up that to oil only heading back to the 40's and so on, but once it starts to correct as the projections for shortages going forward start to gain traction things will heat up, same as gold and our gold miners, it wasnt till the market had confidence in POG that the miners really re-rated hard across the board, sure some were already going up - like NST & EVN, but the juniors have had a stellar run now that started after POG had rebounded. so now just waiting for the oilers to do the same. IT's early days in the recovery so don't think you've missed the boat if your not on board already, plenty of upside if/when poo recovers, now is more the higher risk higher reward situation, and like the wheel of fortune investor sentiment that valen posted a while back.
    Last edited by downsyde: 17/05/16
 
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