Be a long term investor, don't run during the correction period, if you have no confidence in this company, then don't trade. Pity those who cut loss just now.
HY has risen a massive 56.5% in just 3 trading days. Some pullback is perfectly normal. I won't be surprised if it closes just slightly down, or even turns slightly green at closing. If you've done your research on HY and is confident of its prospect, there's nothing to worry about.
cutecutepanda> i understand ur feelings. cos i also pee my pants last time.. end up bearing a huge loss. Then only i realised this is just a normal practice :) Covid is just temporary. O&G will return strong
to all the sifu here, how strong is this company i see the past history chart very volatile and with oil price up and down is it risky? also the economy recover won't be so fast and so smooth, will the slow pick up of vaccine or in case the vaccine has any side effects cause the share price to waterfall? just check the FA of this stock.
HRC refining capacity is 120,000 barrels per day. Their cost is about USD3+ per barrels. Check bellow chart to know whether HRC make any profit from refining. https://www.tradingview.com/symbols/NYMEX-D1N1%21/
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LA777
3,383 posts
Posted by LA777 > 2020-12-08 11:03 | Report Abuse
Lol, pang, enjoy collecting, cheers!