Fly tried to tell you guys oil was fixing to rollover, after it already rolled over. Most didn’t believe, I mean oil had to bounce, right? Wrong.
Right now if you are short anything oil, you are experiencing bountiful gains, I happen to be short PTR and couldn’t be happier. I was short XOM, but covered on Friday for a minimal gain, my bad.
The service names are getting destroyed, it all started with GW this morning.
I hate to see this happen, pretty much my whole family works for some sort of oil company, but it is what it is. Thanks heavens I escaped the DXO trap, what a disaster.
Soon, oil will be a buy of a lifetime, just not yet.
Charts:
Note: It looks like Veritas will win the iBC fantasy football league, he needs one point to defeat The Cajun and he has Donald Driver playing tonight. Somebody put a hit out on Driver, please.
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I think you have to short the infrastructure too. Stocks like BOOM. The ones that make the infrastructure, valves, pipes, gaskets, etc for oil services. As the price collapses, reinvestment in infrastructure is disincentivized.
Donald Driver is a giant amongst men, a Lion of Lambeau. If he gets hit, it will be with style, spread out for the 80 yd TD…
Ha, indeed.
Had I only started Garcia instead of McNabb. Had I only started Atlanta’s D, instead of the Eagles.
I hate Philadelphia aka Cramer’s team.
Cajun, looks like you may have bottomed ticked DXO with this post 😉 thanks man. I was getting a little pissed at the position!
One of these days I’ll join u on fantasy football. u seem really good at it.
As for oil, I think that goes on record for the most bottom-caller murders ever. I mean, down -70% in a few months!
lol…looks like I top ticked the afternoon range with my comment!
Wood, make a comment every half hour. I want to add some shorts.
John, I’ll see what I can do. As we just hit new low, you might want to cover some!!!