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Just bought 1,000 shares of TPLM at $3.45
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 38
Thread images: 5
Good move bros?
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I am not qualified to know about petroleum, but I am interested in why they are so far down when their earnings don't look awful
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idk i think its cuz oil prices just dropped but ft says theyll grow 200% in the next year, apparently theyll get back to 10
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I took a bit of a look at their 10Q and the overall situation - bad growth in China, strengthening USD, it honestly doesn't look like too bad of a move. I'm gonna get in on this as well
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Sadly, I don't think oil has come close to bottoming.
I got stocks in junior oil and gas companies with good financials, but they just tanked the last few weeks.
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>>575439
I also don't think it's going to bottom soon, but given human nature, a war or something will break out sooner or later -_-

Also, >>575439, what stocks
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>>575441
RMP Energy (RMP.TO)
Tamarack Valley Energy (TVE.V)
Delphi Energy (DEE.TO)

Shit just went down a cliff since October, wiped out all of my gains. I pulled out
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http://www.businessweek.com/news/2014-12-08/oil-to-stay-at-about-65-for-six-months-kuwait-petroleum-says
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fuck i lost ten percent
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>>575479
You're not going to earn your gains back today.

Also I just bought some RUSS for a short term offset <_<
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i dont necessarily think cheap oil is a terrible problem for oil companies. They sell a shitload of oil. Oil decreases fuel the economy and everyone makes a shit ton of money
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>>575489
cheap oil is a terrible problem for short term futures contracts, and when nobody buys oil, a lot of infrastructure sits around incurring costs.
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So it turns out I'm up 12% on buying this yesterday; I cashed out of RUSS early for a meager gain but I'm up $1200 so far on TPLM.
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I bought into SSO, a 200% levered S&P500 ETF, a few days ago.

As luck would have it, the S&P 500 seems to be experiencing a downturn since I bought in last Friday.

I'm thinking about pulling out. I've already lost something like 3.5% and all this volatility isn't good for my returns, even when they do come about.
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RUSS is having another banner day today but is probably not going to do much good; NBG is kill; now is probably a good time to load up on blue chips unless you think this is the beginning of the end. Which it isn't.
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why not just buy oil with uso? That's what i did.
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I hope you're still holding, OP.
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>>576643
>tfw considered buying in $1.00 ago

fuck, coulda sold it by now and made a decent amount for the weekend.
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>>576643
so weird that some random stock mentioned here goes up 30% in one day.
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Op here, you better believe I held. I'm in in this one for the long (1-2 years) made 36% today!!
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>>576690
Not that weird at all.

First off, look at the stock's volatility over the past week. Second, there are other stocks and tradable securities that have me 50%+ gains today.
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Oh my god it keeps on going. I just knew it wouldn't go much lower then 3.50 lookin at its historical lowest price like 5 years ago. Since then the company added a bunch of value to its stock, it's simply undervalued. I just wish I got in at 3.15 and not 3.45. Still though 50 % today woohh!
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>>576716
I got in at $3.32 on your advice, if you're ever in Silicon Valley I owe you a beer
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>>576734
>>576716
I'm so jelly of you guys. I considered buying in at 3.65. Should have done it.
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Yeaaaaaaaaaaa hell yea man nice im pumped for you.... I am in the process of graduating and then moving there, looking for a job, u got one of those?? I'll take the beer nonetheless
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>>576745
OP, can you describe the decision making process that went into picking up that stock this morning?
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I want to learn more from you on buying.
what do you say?
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>>576745
Are you a software engineer, because omg yes I do
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>tfw bought VDE instead of TPLM

such is life
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TPLM is my price range
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I'm not a software engineer but I wish I was. Graduating in the spring with bs in economics and business management. I will learn anything though I swear it.
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>>576761
You seem cool OP, if you want to chat or something my email is teleolurian AT gmail

> posting your email on a transylvanian dam fetish board
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Decision making was but low sell high. Knew it wasn't gonna get much lower, tried to buy in as low as possible. I know it will eventually pay off, what happened today is just luck quick spike, I hope that continues or a year or so then I triple my money. Also I did tons I analysis on stock I think it's undervalued and see a goo future
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>>576767
I'm honestly considering selling it short right now. I don't think it'll be above $4.15 by next week.
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Hey teleolorioun I feel ya on leaving ur email out. Good to know you down to chat. I'll get at you soon, dlavigne92 is me
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>>576772
I think it will be higher than that, though, when another middle eastern war/OPEC meeting/BRIC expansion happens.
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>>576783
Over the long-run, sure.

But in the long-run, friend, we are all dead.
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>>576786
The next OPEC oil meeting is in 6 months though, and then they'll be dialing down production. Although it's possible Russia might expand capacity in the short term.
Too many variables to factor independently, but it seems a safer long-term bet than most.
Also I really don't want to add more income taxes this year, so if I can hold into January at least I'll be happy.
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