'I've seen panic. I traded through panic in the late 90's, as well as the late and early aughts. This sell-off is not panic. Not yet anyway, but we're getting close. Until we get a genuine blow off fear-based dumping of stocks at any price, stocks won't find a bottom. The market today is seeing horrendous, painful, gut-wrenching selling, but no real fear.'
IMO this is going to be long drawn out affair. Six months before green shoots appear. Oil will take a hit but if it can recover after the dust has blown over to the 75 -85 range than it will be a plus. Not too expensive to advance the weaning off of oil but still profitable for companys like SSN. TB's forward thinking is going to be vital. With a MC of under 200M CHK and others will be running the ruler of all the small players who have good prospects. GLTA
SSN Price at posting:
8.9¢ Sentiment: LT Buy Disclosure: Held
