Commodities are the name of the game right now – two of the world’s most important commodities powerhouses are at each other’s throats.
But wild swings up can always be followed by big drops down – both West Texas Intermediate and Brent crude dropped under $100 a barrel on Monday.
These kinds of shifts are common for any commodity stock, which is why a lot of people trade them rather than looking at them as long-term holds. For me, these kinds of swings are fertile ground for finding opportunities in small-cap stocks, which tend to produce larger proportional returns in response to volatility.
Right now, a major offshore oil drilling contractor is trading around $4 thanks to the falling price of crude, and my charts tell me it’s hit a critical buy-in point for quick profits…
The post Grab This $4 Oil Penny Stock Before Oil Runs Higher Again appeared first on Money Morning – We Make Investing Profitable.