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Stock Market is the bottom in?

Who is getting rich off this oil spike? I’m not talking guys like us buying some shares of chevron or whatever, I’m talking like generational wealth creation. Literally no way “closing” the strait has caused this exaggeration of pricing. Mideast camel humpers? This administration? Some group(s) are absolutely making the prices run.
Apparently my oldest son. He is looking at beach front houses, Maserati and Lambo SUV's. I asked why an SUV and he said so his dog could lay down in the back seat while he was cruising down the road. He sent me a text the other day letting me know how much he made overnight. I could retire on that one hit.
 
Apparently my oldest son. He is looking at beach front houses, Maserati and Lambo SUV's. I asked why an SUV and he said so his dog could lay down in the back seat while he was cruising down the road. He sent me a text the other day letting me know how much he made overnight. I could retire on that one hit.

Didnhe explain how he does it?
 
Didnhe explain how he does it?
I wish I could understand and have asked him several times to show me what he is doing, but he shows me similar things to what you post. Just flashes it on his phone and walks away so I don't get a full grasp on it. He watches it dip/recover/dip until it hits a bottom and shows recovery, then he buys in. He usually goes in with an expectation to make $20ish K in 5-10 minutes and closes, but he went in deep on oil twice now and it paid off. Essentially what I have made my entire life working and in stocks on two trades. SMH
 
Must be a huge position. Is he trading futures?
 
I would need to ask him to confirm. I do know his last position was more than I would ever consider wagering on oil.
 
I made a post bout how electricity is priced. The harder to get / profit oil that is required to meet demand sets the price. Easy picking oil profits a ton, stuff barely coming out of the ground a million miles away gets their bills paid. PRety much how every comodity in the world is done.

I used to get flown by helicopter to get a gas turbine started on the hamptons long island NY. Serial #3 GE gas turbine 1961/2 vintage. The grid needed that gas turbine, the real time demand market would go nuts. That extra push out of your main units made millions. Used to paint the sky pruple with so much NOx from these old units.
 
Anybody selling anything at a loss to fund something else? Throwing money in is nice, Seeing your holdings dive, not so much.
 
I guess helium is a problem now. Need it to make chips. Helium is easiest to get from separating natural gas. Some areas have it more than others.
US production is exxonmobil, then linde. linde might have more to gain than exxon. Theyre doing ppretty good right now.
 
Anybody selling anything at a loss to fund something else? Throwing money in is nice, Seeing your holdings dive, not so much.

Only if my investment thesis has changed. I’ve had numerous positions down 40% on their way to a 10x. I rarely sell anything these days. But I’m an investor, not a trader.

Always remember that most people buy at the top and sell at the bottom.

If you’re just getting started, read some books on behavioral finance. It will save you some growing pains.
 
Anybody selling anything at a loss to fund something else? Throwing money in is nice, Seeing your holdings dive, not so much.
I sold off some IEP last year and will again this year if it does not recover. Its been on a steady ride to China.
 
Only if my investment thesis has changed. I’ve had numerous positions down 40% on their way to a 10x. I rarely sell anything these days. But I’m an investor, not a trader.

Always remember that most people buy at the top and sell at the bottom.

If you’re just getting started, read some books on behavioral finance. It will save you some growing pains.
Will do that. I've been playing with my food before I eat it. Put it on a stock for a few weeks, then throw it in an ETF.

No margains, bt learning up on those. Just buy stock and see it short term.

We keep blowing up stuff over there and Venesuela needs new equipment too. Might be worth looking into who makes refinery and oil equipment. Ge verona, baker hughes, and the power to run this stuff too.


Wonder who is benefiting from any rebuilding.

Here's something from the dust of the 2003 iraq war. Player may or may not change. Bet bechtel be in it to some extent.


Anybody got some info on who is benefiting from Venesuela? Players might be the same.......
 
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