Open Question
anyone shorting oil here for a trade (SCO) .nat gas just rolled over and died.
oil is pulling back from 66.its had a huge huge run and doubled ,i thinks its
going to trade down back to 60 .all commodites in general seem like they r in a
small short term bubble and need to correct.
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You have your own nostrums, like "the trend is not your friend".
Answered by Peter near Matanzas Inlet
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1 months ago - Report Abuse
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Patrick,
I am sure you would have had the same thoughs during spring of 2008... - no
shorting here adding since $37 commodity and stocks.
oh... it's still climing in AH like it didn't have enough during the day.
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If this is all just a weak-dollar trade, you may be right. I'm just not
convinced that we'll see a big, real increase in demand soon.
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