Top Stock For "buying On Weakness
Q: Exxon has not participated in the "rally" which has been mainly gamblers jumping into dirt cheap stocks. If the rally is going to have real legs XOM and MSFT must get above their 50 day averages. If your a bull and want the S & P to break 900 then XOM must get out there and lead the way. XOM under $70 per share is a great long term bargain. I loaded up today and plan to buy my other 1/2 later if prices continue to weaken.
A: XOM stock price never really went down much compared to other oil and gas plays. It is not gambling to be buying dirt cheap stocks whose stock prices were knocked down far below their real value. That is investing. I don't know if PBR will reach $100 before XOM but surely PBR will double in price well before XOM does. Why buy XOM when there are much better values out there. The short term risk is high but long term rewards will be amazing. I am unsure that oil stocks will be good to buy with the current administration. Obama is going to promote clean energy and I see cars relying less on oil. There may be a paradigm shift in the next 10 years so I do not have a long stance on XOM. Also this stock peaked when oil prices peaked and I do not see oil reaching that kind of peak again within the next few years. I may be wrong but I think of this stock as a gamble that oil prices will rise up.
Discuss It!
Most Popular Articles
- Free Printable Power Of Attorney Form
- Accurate Forex Trading Signals
- Florida Power Of Attorney Forms
- Electrical Engineering Vs. Electrical Engineering Technology Salaries
- Is It Associates Degree Or Associate Degree
- How Early In Pregnancy Do You Get Heartburn
- Immigration Law For Students
- Prozac And Alcohol
- Texas Power Of Attorney Forms
- What Is Major Medical Insurance?
- Reflux
- On All Three Credit Reports.
- Free Durable Power Of Attorney Forms
- Educational
- Law
- Accounting Degree Vs Certificate
- Celexa Side Effects
- Heartburn Gerd
- Free Printable Ged Study Guide
- Jewelry Design
Marketplace
Related Articles
- Are You Buying More Bac Shares?
- Buffet Is Buying Stocks Now! Its Time To Buy!
- Declared Dividends On Preferred Stock
- Is Buying Stocks Good For The Economy?
- Ok I Need Some Help Buying Stocks....
- So Who's Buying Stocks On Monday?
- Buying Stock Without A Broker
- Might Be A Good Time To Start Buying Stocks
- Interested In Buying Stocks
- Buy Stocks
- Why This Stock Is Dropping??
- Stock Salecapital Gainslosshow To Approach
- Investing In Citibank Stock
- Selling Stocks
Related Categories
- Invest
- Insurance
- General Engineering
- Alcohol
- Beads
- Course
- Attorney
- Gifts
- Letterhead
- Printing
- Home Improvement
- Architectural Engineering
- Gold Celtic Ring
- Travel
- Learn
- Energy
- Reflux
- Back Pain
- Ring
- Debt
Recently Added
- Funding Agencies in India
- Open Source Project Management
- Time Project Management Software
- Digital Media Asset Management
- Free Forex Strategy
- Forex Rates Online
- Forex Rates India
- Free Forex Tutorial
- Auto Forex System Trading
- Forex Brokerage Firms
- Forex Trading Signals Software
- Swiss Forex Traders
- Forex Trading Mini Account
- Forex Software Trader
- Live Forex News
- Autopilot Robots Trading The Forex Market
- Best Forex Trade Signals
- Forex Broker On Wall Street
- Forex Managed Funds
- Forex Broker Review