History repeats and often. Have a look at some of the dips in Oil price and the recoils;
$19 in July 1973 to $51 in Jan 1974
$17 in Feb 1999, to $41 in Feb 2000 a year later.
$144 in July 2008 -> $46 in Dec 2008 to $81 in Dec 2009.
Many are predicting we have bottomed, it may go on.
But when history repeats - per Tony's J Curve theory, with restricted investment and carnage in Shale coming in Q1, history will no doubt repeat...
History repeats and often. Have a look at some of the dips in...
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49.0¢ |
Change
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Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.3¢ | 49.0¢ | $28.83K | 57.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17097 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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