Well it's unresolved but the meeting with OPEC and world lea...
Well it's unresolved but the meeting with OPEC and world leaders that was definitely to take place Monday has been delayed has been delayed longer than the 8th or 9th will it take place now What that said you're going to see some people selling off don't be one of those dummies you should be buying their doubts buy the dip when they start selling off and hold it you Got to realize if our economy is getting started by this massive overflow of oil what do you think it's doing to Russia Saudi may be able to weather it for a while but 90% of the economy is Oil with barrels they're selling at $6 and 8 a piece how long you think they can survive like that
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Trader-101OP : now if you're in at a high price I would definitely recommend selling off and then buying the dip but if you got a decent entry I wouldn't worry about selling it I would just accumulate more as it drops
Mwey : Also would it be good to play 2 or 3 weeks out from now just in case they don't reach a deal by the end of next week?
Trader-101OP Mwey: if they have the meeting you can bet your bottom dollar that they've already come to terms and that's just making it official now if they can't come to terms the meeting will never take place so I don't but if you look into it thoroughly neither country can afford not to Saudis yes they have money but realize where they got that money from and the past couple months of selling barrels of oil at $68 a piece 90% of their economy is based off of oil so they can do it but at some point it's going to have to be changed and Russia's economy is not strong enough to keep doing it they were doing it for a different reason because they don't have a strong economy and our economy was thriving when this happened so you see ours now imagine how theirs is being affected their almost crippled they can't afford not to fix the oil market because at some point they're going to realize that their economy is in ruins and it's too late so trust me they're going to do it sooner rather than later
Trader-101OP : but with that said they're going to try to go about it the most strategic way possible to benefit them so that's what's holding it up they probably can't get the the details down just yet they're going to be bullish and bullheaded about it but in the end somebody's going to crack and they're going to come to terms
Trader-101OP Mwey: if you can't afford to take an initial hit the market is likely to down train hard on oil tomorrow sell off pre-market put your order in tonight and then buy back after the dip me I've got a great entry I'm holding I don't know how good of an injury you have or if you have any but oil is definitely still the play there's just going to be a little more downtrend because of this delay
Mwey Trader-101OP: I Haven't Produced Any Oil Just Yet But Waiting to Get in a Better Entry I Hope. THA IS FOR THE ADVICE AS ALWAYS
Mwey : Also are you still in stock twits? Can't beat to find you on there
Trader-101OP Mwey: yeah about probably an hour maybe less in the pre-market they should take the hard as they're going to sell off hard at first and that's when you buy when it dropped 20% you see a big drop as soon as you see that even if you go down a couple percent with it grab it at that point make sure you can get it at the bottom because it'll start to recover and then go down and get in and gradually but got the sharpest drop
Trader-101OP Mwey: yeah I don't go by knowledge is power on there I'm on there
Mwey Trader-101OP: no? it's not you right;) so tlt is the inverse of spies?
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