Go Broke or Move to the Beach
I have got two stocks that could have you living the good life or living on the corner of broke and poor. Lets take a look at them:
Western Refining – WNR
Now I am usually a huge fan of these stocks that have gotten absolutely massacred; however, I get a little uneasy when they dip all the way into the single digits and low teens.
If oil heads downward at all, then look for this stock to get pumped up. After just crossing the 50 day moving average, this stock could be bought almost anytime, although make sure to keep eye on a gracious stop-loss. The blue lines represents the different levels.
Granite Construction – GVA
The simple explanation is the to look at the chart. It seems to have been beaten, rounded, and poised for a heavy upward movement. Get in at $40, get out a millionaire.. or something like that.
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Filed Under: Financial Markets
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by stocks going in the tank? sweet plan. Sorry I have to disagree. And I hope you msg me ( i run a forum, its linked) so you know where to find me. In 3-6 months or whenever you decide is appropriate to let me konw how these investments did. Because sir, I feel like that is a really pisspoor strategy to buy stocks that are trending down…..
The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and could soar to 225 dollars a barrel by 2015 as supply becomes increasingly tight
Production increases are at a virtual standstill, global demand continues to grow. An expected drop in demand in the United States due to higher prices and a weak economy will be more than offset by demand growth in developing nations, it says.Particularily India and Chine. Where less than 30% of its citizens have any demand for gasoline right now (because they dont own cars).
The recent launch of Tata’s 2,500-dollar car that will allow millions of households in India to soon own automobiles. This could be truly damaging to the supply.
Although US oil consumption is likely to fall by over two million barrels a day over the next five years as pump prices rise, he says, more drivers on the road in Russia, China and India will surely pick up the slack in demand.
I really don’t feel like oil is a bubble. Its just going to keep going up.
Well this is a great example of why there are buyers and sellers in any market.
Also, my time frame to hold a stock doesn’t exactly carrying into 2010.