Saturday, May 27, 2017

My prediction

Here is my prediction on Jan., 2016 and I also posted my reason here in WSB. How many energy experts can do the same?

If I put all my money buying it at $30, I would be filthy rich now. Not a good prediction? Tell me who have done better and how many 'experts' tell you to unload at $30.

I'm not a trader as I still hold most of my oil ETFs. However, if the trader buy at $45 and sell at $55 as predicted, the trader would make a lot of money. Do not cover your eyes with biases.

The above is responding to a "energy expert". He also said the average oil price for the last 70 years is $35 (or $30 from my rusty memory). Yes, but the easy oil has long gone.

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