It might be different for me as I play options, not buy and hold. So any good dip is good
for a run, enough to make some quick cash

CVX is still going to do good, but you get it on a dip, just like the other gas stocks.
VLO and TSO is dipping now.

in response to: Usually gas and oil goes down in Sept. after Labor day so sell at the end
of Aug

All traders know that.. This is what sucks about timing the market in energy. BMO's
natural gas play cost them 450 million this year on market timing.

I think if you weren't long in april to now, the boat has been missed. check out RIG and
SLB.. Crazy high.. This has to cool down.

Usually gas and oil goes down in Sept. after Labor day so sell at the end of Aug

Last edited on: 07-02-2007 12:30 am

I'm buying Tech and energy. These power companies should do real well during the summer.
Oil could be a buy here. TSO or VLO they just got downgraded. I bought some just for
the spike. Bought on the dips. It won't take much, hurricane or the middle east.

Last edited on: 07-02-2007 12:29 am

I think oil should hit 74 like last year after the terror stuff and driving season.. but
I expect a big correction like last year, especially in the COP, TOT and XOM world...

What is really worrying me is that GLD is not going up at the pace of oil.. Seems like
the fear gage is starting to calm down.

That is around my stops (with profit). So I will go for the ride this summer. :>)

I'm looking for them to move under their 50 day MA's.
How far under, I do not know.
Pull some of them up on BigCharts with a 50 day SMA and see.

Last edited on: 07-02-2007 12:13 am

Are you looking for a big correction?

Oil stay down? No. Oil stock correction? Yes.
That is MY opinion, based on what has happened in the past.
That's why they call it speculation. LOL.