Getting a Little Pop After Hours Off Sentiment from Rivians Earings
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SpyderCall OP : If these two open tomorrow gapped up and the indices are still tanking then this might be a good short
SpyderCall OP : But if we get a relief rally in this overextended downturn then we could see some nice green days.
Dons hobby : So wait till morning to buy it if it's up ? I was thinking about selling SBL oil to get in to Rivn what do you think about that move Spyder ?
I am thinking SBL will retreat been on an uptrend for a few days. I was thinking it might be at the end of it's run FOR NOW.
SpyderCall OP Dons hobby : you mean SBLK? safe bulkers?
SpyderCall OP Dons hobby : But if we do get a relief rally soon then this could take off. And when this thing climbs up you get double digit moves
Dons hobby SpyderCall OP : LOL sorry SLB Shulemberger oil
SpyderCall OP : Let me check gimme a sec
SpyderCall OP Dons hobby : It has had a solid rally like the other ticker i mentioned. The rally seems to be cooling off on the long term chart. On the shorter term chart SLB is right on top of support. If it breaks below then i would think about taking some profit and picking it back up at a lower support. But i dont think the oil companies have peaked out yet. If oil stays above about 85 dollars a barrel for a lon time then these oil companies have more room to run
SpyderCall OP SpyderCall OP : If oil has one more leg up to new highs then oil companies will rocket up for one more leg up i think.
Dons hobby : Then I will hold SLB, I also have UNG and LPG not a lot 50 shares of each which I don't know if I should flip to buy Nivian, or maybe the best thing to do is just deposit a grand and buy it. I do like the stock. I don't know a lot about it except it is the stuff when it comes to batteries. I do know Ford sold a bunch of it and I know that can't help, I also know they got a 1.5 billion dollar deal to build a factory I believe. This is always my problem I see something I like and I don't have the confidence yet to KNOW I am doing the best thing at the best time. I still am not sure when is the best time to buy whatever I am buying, I just buy it. I Don't know support or resistance as it pertains to buying. I know to buy at support I don't know where to find out what price support is. I don't know the charts well enough yet I guess to figure it out. Anyway I have taken enough of your time, I appreciate your helping me out have a great night and I hope you knock thier eyes out tomorrow.
Thanks again
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