It appears that trying to "game" oil -- by buying the "dips" -- is the best showing of what trying to catch a falling knife looks like. The oil patch is just awash in losses and hemorrhaging. Yesterday Conoco Phillips (COP) cut it's dividend - the first time in 25 YEARS.... which, of course, will cut it's share price. OUCH. This is similar to Kinder Morgan (KMI) which cut it's dividend...
It's just way too early in this MESS to try to figure it all out. Best to just hold if you already have the losses... and WAIT until the oil price gets back to whatever "normal" is. As long as the Saudi's want to continue to kill the market - you don't want to stand in the way of that.
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Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
Short clips: Goodguys Pleasanton autocross and pit videos
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