I regret not purchasing some more LOTs of this pipeline earlier. Naturally, with the war in Europe, this thing just keeps going up like gold. I already closed out my short calls at quite an expense, and am wondering if there is a way to grab these at a later time. The Theory: As the west prepares to dig in for one of the biggest recessions we've had in a LONG time, just maybe the OIL stocks will come down with most everything else as the pain from interest rates, lack of earnings, etc. etc. etc. continue to stack weight. OIL has a tendancy to go through sharp downward falls when recessions hit, so this should have negative effect on earnings (at least until recession is over in a few years). Yes, maybe THIS TIME IS DIFFERENT because we have a war in the European theater with one of the major suppliers (and friends) screwing the Western nations. But... with these two theories, just maybe there will be a chance by end of 2022 or 2023 to grab Pipeline stocks at a discount. It's perhaps just a hopeful theory, wondering what everyone else's opinion is on this out of curiosity. Knowing Murphies law, it's just liable to go down because I already covered my short-calls, LOL!
Yea, you covered your shorts, its game over man, they are going to come in here and rip up everyone last one of those stock certificates...
You must zoom out the chart. over the past 1 decade, PBA WENT UP THEN DOWN THEN UP THEN DOWN THEN UP SO ?!?!??! it will come down soon. wait patiently to short it. don't bother about that theory thing.
you can always watch out for an abc correction even in very short time frames like 15 mins and get on the wagon somewhere
If oil prices tank the pipelines will follow suit. Happens every time even though the pros claim otherwise.
Well, seems the pipelines did tank a bit at the end of today. I saw the vol spike and was wondering 'wtf is going on?'. Then realized, the CPI comes out tomorrow... people are worried.