- Joined
- Oct 7, 2012
- Messages
- 5,228
- Points
- 113
Thou shall not attempt to catch falling knife
Instead of hoping that oil has found bottom
Which it hasn't and buy stocks positively co-related
Better go long on those whose co-related negatively
Airlines would benefit from lower oil prices
But not all are equal and for variety of reasons
Some rise more SinkieAir ten percent
China Southern by whopping forty
I always LUV to fly Southwestern
SembMarine fell by another three percent
Which by the way is its dividend yield
Annual hypo income lost in one day
China will need fossil fuels to power its growth
Though there be slowdown in the short term
2883 and 386 may go down further in reverse Lightning
Pattern and maybe weeks or months later is buy time
Indicators need to be confirmed by price action
In down trend bullish divergences tend to fail
Economic slow down affects airlines as well
Best gains probably done oredi so don't chase
http://www.bloomberg.com/news/2014-11-30/oil-slumps-below-65-amid-opec-inaction-to-stem-glut.html
http://www.marketwatch.com/story/china-plays-big-role-in-oils-slide-2014-11-30