DUG is now a buy.
Oil is a bubble that is about to pop once again.
The majors will earn even less in coming quarters, the profit margins are just too thin right now. Oil is too high and their profits are being hit.
Greg Ruffin
2 days ago
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Sunday, November 22, 2009
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EARTH TO WALL STREET
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7 comments:
You were wrong the last time, why would you think now is the time to buy again?
What happened to CVX and their revolutionary secret technology that was supposed to be announced last year?
Greg, you haven't discussed NYX since you said it was going to 175. I bought into your hype and all your pumping you did on the NYX boards. I'm holding the bag big time, so it would be nice if you gave us an update. I think that's the least you can do considering I lost tens of thousands of dollars.
Holy Shit, and your still listening to this guy if you think he lost you tens of thousands of dollars...good lord, man...realize you will be in that sling for a long long time...NYX...man that was 3-4 years ago...
I feel your pain though as Doug has made a alot of bad calls...a fricking whole of them...
I do understand everyones frustration and can relate. I bought blockbuster (bbi) when Greg was going crazy about how cheap it was and that he expected it to easily double due to the recession. At the time BBI was at around $1.05. Now BBI is tradding at .62. I've lost 40% and my wife is furious. I know it's my fault but I learned a big lesson. What irritates me is just about every stock Greg points out ends up tanking hard, yet he never revisits his poor picks. I too believe he hypes stocks, then dumps them. The evil and greed is very sad.
case in point DUG...recommend on sunday night...down 3 straight days...almost a full point...not a peep...
batting a 1000 in the wrong direction.
DUG is up today.
Lets see if the trend goes in that direction
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