Due to the recent rise in oil stocks this week,is there a sure fire way of predicting another constant rise?
Answer:
No. Oil is geo political meaning Iran could launch a nuke at Israel tommorrow and the price of Oil goes up to $100 easy. The oil fell too far and it is back on the road to recovery I expect it to stay around $65 the rest of the year unless something happens.
And put the $500 into stock.
If you really want to try, look into econometrics and statistical analysis. Using the correct leading indicators, and with skill and judgement, it is possible to predict prices at a rate better than chance. However, there are no sure things in life.
Your question is flawed. "Sure fire" and "stocks" in the same sentence means you are asking for trouble. Research in investments will mitigate risks, but there is no such thing as a "sure thing" in equities.
No.
I agree with bgris. There's no such thing as a "sure thing", and if there is, its probably illegal. Ever see the movie Wall Street?
Anyway, if you think about it, oil along with gasoline, natural gas, etc. will, on a long enough time line go up.
When? Who knows?
Why? Simple: Supply and demand, and the supply is limited (regardless of what some people will tell you), while demand, it seems, is not.
Thus, oil will go up, maybe tomorrow, maybe next month, maybe ten years from now. But, eventually it will. But keep one thing in mind, if you blindly go out and start buying up light sweet crude contracts, you need to determine a point of which you leave the trade, BEFORE you enter the trade.
No.
PEO is a closed-end investment co (Mutal fund that trades on NYSE like a stock) & holds oil & resource stocks. Sells at a discount to what the assets are worth unlike a mutual fund. Buy it & wait for oil to rise again as it will vegas_iwish@yahoo.com
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