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Re: priceMy thoughts - and its paid handsomely. Dont buy oil companies cos oil companies are not buying oil companies. When you see a surge in M&A - then the industry is telling you that valuations are at the lows. THEY KNOW. Most oil companies are tied into fixed barrel price hedge contracts that reach out a year.... pretty soon, those contracts will start to expire. New contracts will be much lower. Current earnings are false. Best oil play is leveraged oil etf's - and they are easy to play..... going into Memorial Day - demand increases, go long, Iraq and Iran about to flood market, go short... tensions flair up.... go long, everyone happy, go short. And movements are massive. Am all cash tonight cos I did not want to hold with the oil report... but have been short 3X oil since Friday and have moved from 63-73 in 2 trading days.... piece of cake.... Will look to shprt tomorrow based on tonights inventories....... Its much easier than trying to bet on AAPL... AND with oil - watch the twitter feeds.... AND always keep in mind - at some point oil WILL go up... . |
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