Imperial Petroleum Inc. IMPP

IMPP touched $1.51 today. So don’t say that y’all can’t go any lower. If more bad news come out against oil, expect WTI to tank below $100. IMPP will follow suit because the shorts will attack.

WTI has not bottom yet. WTI has another negative red candle to post while China under lockdown. If more Chinese cities start locking down, you guys will be holding a big trash bags here.

After horrible 3rd quarter earning report, the stock dropped down to $0.49. Don’t be holding trash bags. You want to buy that $0.49 dip.

While no one know for sure what earning report will be like tomorrow. But we all do know that 3rd quarter earning was horrible with big miss on income along with negative eps. Better to be safe to stay in the sideline with cash. If $1.62 is looking good now, wait till tomorrow to buy near $1

You guys are making a bet that earning will be solid tomorrow. I prefer to stay out on sideline with cash. It is safer to buy the dip. While you guys may potentially have bigger bags to hold tomorrow am.

3rd quarter poor performance crashed this stock down to $0.43

If earnings are irrelevant, then IMPP should have pumped and rocket and squeeze non-stop. Since earnings and performance do matter, poor earning report will send this stock to Hell. Be careful. Also earnings will be released in premarket. Many people can’t trade in premarket. You may be stuck in bad positions and not able to sell.

For those holding tonight, your bet has better be 100% accurate. Otherwise, you guys will pay a price tomorrow morning with a negative earning report. WTI is pulling downward and has not bottom out yet. China’s lockdown may extend to additional cities further destroying oil demands.

What’s new for this 1.60 price consolidation