As I predicted in the previous blog on oil prediction, oil stocks have been up and up and making the precedent highest price as the commodity, crude oil increases. This was expected since Oct. 2021 and shared with some of my friends. Some are happy and some are unhappy missing out on the ride.
Among all the rallied oil stocks, one oil stock caught my attention last October 2021. I started buying its shares against the selling momentum and low volume. The company is Blue Dolphine Energy Company and is publically traded over the counter (OTCMTS), ticker symbol is BDCO. I will show you how incredibly and accurately the movement of the stock price has shifted according to my theory, Time Principles.
This is the chart which shows in a log scale the price movement of BDCO since 1981.
You can open the images below in a new tab to zoom in.
BDCO History Chart
The price movement has vigorously shifted up and down between $2115 to $0.005 last 40 years. It is a volatile stock and its price movement looks very unpredictable compared with AAPL and AMZN. You would probably feel uncomfortable putting your money into something like that. However, it is the stock I have been looking for for over six months. It is not a value stock, it is a cyclical stock that can be fluctuated by many factors but primarily by the commodity, crude oil. To make profits quickly with speculation, I need to have an edge, the edge for this trade was to take advantage of the cyclical feature of crude oil demand, which is one of the minor edges. However, it works very well.
As of Oct 2021, no one knew and could predict what is going to happen with the oil demand until the break out of the Russian-Ukrainian war (at the end of January). People started realizing the big demand of oil because of the sudden accelerated gas price in March 2022. Why the hell I was able to have confidence in the company and started accumulating its shares three months before it happens. The image below is the prediction I made in October in 2021. The price was $0.261 and multiple red arrows indicate the future price movements. I made a comment in the image that "Predicted to hit around $2.00 around July 2020" which meant 2022. It is a typo error. The key point in time is shown with a vertical red line on 11 July 2022, which I predicted to make a rally or hitting the top.
BDCO Prediction Made October 2021
This stock was unpopular and had a tiny volume in 2021 and didn't catch any trader or investor's attention until March 2022. However, once it did, it shot up quickly between 6:30 AM to 1 PM in Pacific Time from $0.26 to $1.53 on 3/7/2022. All it took was one day, and the return was 500%.
If you want to make profits, you have to start accumulating before anyone else does. Once a stock price started moving, it would be already TOO LATE or cause tremendous emotional distress during the rapid price movements. That's why you always need to make a plan ahead working with reliable edges to determine the entry and exit before the big price movement occurs. That is the golden rule for a successful trade. The way you can be at ease getting out of the market liquidating your position when people are jumping on it.
BDCO Accumulation Phase
BDCO Accumulation Phase
Let's take a look at the recent BDCO chart. This is what happened last 8 months.
BDCO 3.7.2022
BDCO 7.1.2022
The price movement was predicated three months before the big jump. It pulled back a little, however, the price made another rally in June up to $2.35. If you knew that it is a correction, you would have accumulated aggressively and enjoyed the ride. My accumulation was almost 0.8% of Blue Dolphine Energy's outstanding shares. The outstanding share is currently 14.7 Million. The majority of shares are owned by the insiders and a small portion of shares are available to trade, which means small capital can bring up the price very quickly and fast, that is another edge I look for.
The initial prediction I made based on mathematical sequences on October 2021 hitting $2 around July 2022 was very accurate and expected to wander around the price for a little longer, however, it is expected to keep moving upward higher than it is while the general market is in severe BEAR. I grade myself A+ for entering the price at $0.26 and also timing before it breaks out. I was able to accumulate the shares over a couple of months in 2021 without making big price movements and now I can sit and watch the price booms.
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