The recent fall in oil prices and the market rally today hurt every large cap Energy stock.
CVX, Chevron is in the same position.
These companies are falling fast.
If you are taking a negative position based on the post before.
You should think of this a good time to buy into this space.
I would say a 6 month low for large cap stocks that trade based on oil prices are a good bet.
If you believe rallies like today will take place over the next few months you should steer clear.
Take your position and prepare yourselves.
2 comments:
The market seems to be uncertain has the bubble burst?
I doubt that it has.
The recent run up has been due to overly positive news.
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