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Originally Posted by GullFoss
What are people thinking about buying today? I have my MEG shares, so I'm not in a rush to get to buy anything else.
That being said, ATH at 0.69 seems like a real steal.
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I don't think it matters what you buy today, everything is correlated to the recent macro news. ATH is pretty much the same as every other stock in its sector over the past year or so. If you're really looking to just buy the news then maybe a more liquid stock in that sector would be a better buy. If you're looking for alpha there I'd maybe let the news shake out a bit then see what moves above the peak of this little run. But to me it always seems really hard for a single oil stock to break out of the over all oil market correlation.