Had To: Took A Small Position In SCO Mr. Cain Thaler Thu Aug 29, 2013 3:18pm EST 5 Comments I bought a little SCO for $27.36 This oil market is just too fat to ignore. It’s a self correcting problem. If you enjoy the content at iBankCoin, please follow us on Twitter $SCO 2013-08-29 Mr. Cain Thaler Share Facebook Twitter LinkedIn
Do you believe its possible that the real driver of oil price lately has been liquidity leaking out of emerging market economies and into commodities? The Syia event could be the “cover” for the move but money is pouring out of emerging markets left and right, while the US dollar is only treading water, so the money must be flowing somewhere…
Sure, but $110 oil is going to cause a slowdown. Why barely matters
I was very close to taking a small position in UCO. Every time I play with it though I get burned.
Mr. Cain, are you still in BAS?
Yes, with size. BAS is a long term conviction. Ignore the myopic fear in the natural gas sector – the US energy revolution is upon us.
The stock is immensely volatile. Expect that.