Anybody Buying Yet? Where’s the Bottom?

[BigHornRam]

Corb's lyrics illustrate the importance of oil. It will be needed and used for a good long time. So, I'd take a longer view of your stock.

I used to trade XOM stock inside the company savings plan. I'd sell when it had a little run, and then buy more shares with a dip in the stock price. I likely got 50 to maybe a 100 more shares, doing that. Then one time it made a nice upward move, and I sold the stock, awaiting a dip that never came. After I realized that the train had left the station, I bought the stock once again. I also decided that buying and holding it was likely a sure winner.

As Corb's song says, more or less, if XOM goes to hell, there is going to be enough misery to spread around.

"No one wants paper money son, so might as well stop counting."