It is really quite amazing how the market works.
As investors we take our seats and ride the slow motion train wreck all the way to the point of no escape.
All we are left with is hope.
That is such a precarious position.
How do we ride the oil crash all the way from $100 to $35?
Is it the constant up ramping that lulls us into the position we find ourselves in?
I am as bearish as i have ever been and yet here i am , 100% long an oil stock during one of the biggest oil crashes in history.
It is remarkable.
I cant even imagine what is going to happen to the Australian economy as the effects of this mining crash works its way through the place.
It is going to be very ugly.
If someone predicted oil at $35 and FAR at 6.6c by years end we would have laughed them off the forum.
As i stated, it is so surreal to not only watch it happen but to live it, to defiantly ride the stock all the way down like some crazy Dr Strangelove type madman.
Its not just FAR, the carnage right across the share market is incredible.
The wealth that has been destroyed is enormous.
The effects will be devastating.
I hope my J curve theory is correct.
If its not, the consequences are grim.
The only saving grace is that we are in oil and not coal or IO.
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Last
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.12M |
Open | High | Low | Value | Volume |
51.0¢ | 51.0¢ | 50.5¢ | $22.26K | 44.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 148595 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 102895 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 148595 | 0.505 |
1 | 62764 | 0.500 |
4 | 269438 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 102895 | 3 |
0.515 | 3300 | 1 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
0.530 | 20000 | 1 |
Last trade - 15.42pm 03/09/2024 (20 minute delay) ? |
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