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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (20928)	9/24/2000 2:38:33 PM
From: Londo	of 118717

I remember when the analyst community was saying half a year ago that oil wouldn't be going above $30/barrel... But as more and more analysts begin to state 'price targets' higher than the current, this would probably signal that the time to start selling oil futures is getting close. Mind you, not having a futures account is a problem, but at least I could mentally do that. :) I've never touched oil stocks in my life, and I don't intend to start right now either. I think OPEC really screwed up by letting prices get above 30 bucks a barrel, however.. they're killing the golden egg-laying goose of North American and European oil consumers. All that's going to happen is five to ten years down the line is a serious cut-back in the consumption of oil-based fuels (you've seen the stats on those hybrid vehicles?), and what will that leave the middle east with? Probably a war.

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