Stocks Lower
why did conoco phillips stocks lose 2 dollars over the last 2 days? what is going on? is it heading lower?
should i get out now and re-buy once it gets closer to its low?
The price of oil want down as the dollar rose against foreign currencies. Most of the energy stocks went down. They periodically sell off after oil has run up a bit. It was due for a correction. Do you really think oil is going down from here right before the summer driving and heating season? I would continue to hold. Not worth having to pay the commission and the taxes (assuming you have profits) to try to catch a couple of bucks.
Nov. 20: Dollar Pushes Stocks Lower Yet Again