I'm holed up inside my home office and bought some at $35. That makes me an inside buyer, no?
My view is simplistic (and I could argue I shouldn't be investing my own money at all given my lack of sophistication). The way people make the big money is with leverage, and lots of it. When you have a market move like oil's recent demise there have to be a lot of biggies facing margin calls, forcing sales and covers, driving prices down further. Then of course the market has a huge number of momentum traders and algorithms which by their very existence amplify any trend, in this sector's case today, down, down, a long way down.
All boats near shore rise and fall with the tides. They also all get swept up and away by the same tsunami. The good ship IOC is still out to sea and safe but that doesn't mean its investors and market price aren't affected.
I still find myself wishing I learned of our boat last week rather than five years ago. C'est la vie!
My view is simplistic (and I could argue I shouldn't be investing my own money at all given my lack of sophistication). The way people make the big money is with leverage, and lots of it. When you have a market move like oil's recent demise there have to be a lot of biggies facing margin calls, forcing sales and covers, driving prices down further. Then of course the market has a huge number of momentum traders and algorithms which by their very existence amplify any trend, in this sector's case today, down, down, a long way down.
All boats near shore rise and fall with the tides. They also all get swept up and away by the same tsunami. The good ship IOC is still out to sea and safe but that doesn't mean its investors and market price aren't affected.
I still find myself wishing I learned of our boat last week rather than five years ago. C'est la vie!