I continue to hold. Firstly, I believe in further escalation rather than an end. Therefore, I will probably still get into the US fracking industry, as I do not expect oil prices below $80 in the short term, even if the situation calms down. At this level, the fracking industry earns a lot more money, as it can simply ramp up the previously unused drilling sites that were not profitable at $60. A change in the sand alone (different quality, therefore slightly more expensive), which is used to keep the rock open, leads to a much better production rate. This would greatly benefit $SND, for example.
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@Multibagger
Hey Chris, thanks for your assessment!
Hitting the absolute high on exit or the low on entry is, as you know, the most difficult discipline on the stock market, and it often requires a bit of luck. After +145%, however, I am happy to leave the 'last few meters' of the rally to others if my personal price target has been reached and the CRV at this level no longer suits me.
For me as a trend trader, it is now easy to find two new stocks that have just completed a clean correction. At the moment, I simply see more potential for the next swing than with a stock that has already gone so far.
Your case for $SND and the fracking industry sounds absolutely plausible from a technical perspective, especially as a lever on the oil price. Personally, however, this is often a bit too volatile for me, so I prefer to stick with my classic setups out of the correction.
But good luck with your entry!
Hey Chris, thanks for your assessment!
Hitting the absolute high on exit or the low on entry is, as you know, the most difficult discipline on the stock market, and it often requires a bit of luck. After +145%, however, I am happy to leave the 'last few meters' of the rally to others if my personal price target has been reached and the CRV at this level no longer suits me.
For me as a trend trader, it is now easy to find two new stocks that have just completed a clean correction. At the moment, I simply see more potential for the next swing than with a stock that has already gone so far.
Your case for $SND and the fracking industry sounds absolutely plausible from a technical perspective, especially as a lever on the oil price. Personally, however, this is often a bit too volatile for me, so I prefer to stick with my classic setups out of the correction.
But good luck with your entry!
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•@xxxMIRKOxxx I don't have your stock in my portfolio either. I was generally concerned with my exposures in the commodities sector. I currently have derivatives on $TTE and $COP, among others. And shares in $VET.
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•Just share your new values once you have identified them.
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•@Multibagger that won't happen until next week at the earliest. As I don't have time at the moment and am already back on the subway heading to work 😀
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•@xxxMIRKOxxx I'm still interested in it next week😉
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What about cable $MTZ
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•@ZeissJessy Also definitely an interesting stock. However, due to the size of my portfolio, I have to focus more on small caps, as 2-3 shares don't make much sense, so I'll be leaving it out for the time being.
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$VNOM my bet is .... High conviction bet by Howard Marks
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@Multibagger Your depot portfolio is not released
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•@ZeissJessy if you follow me.
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