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Politics : High Tolerance Plasticity
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To: ItsAllCyclical who wrote (2237)3/22/2001 1:46:27 PM
From: Think4Yourself  Read Replies (1) of 23153
 
It might have something to do with that idiot Pisani on CNBC. He talks about shorting and then talks about how the oils are the last bastion of strength. Singled out XOM about a half hour ago, and it's not the first time he has done that. He is so blatantly manipulative against energy that it isn't even funny. No mention at all of the fact that XOM's recent quarters have been the most profitable in the history of the human race. Not even a suggestion as to WHY XOM has been so strong.

Thanks for pointing that out though. The price IS cheap. May have to pick up some calls. If we really are going into a recession then XOM is one of the best places to be in the market. Their refining operations become more profitable as oil prices go down, and gasoline is in short supply.
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