Contest Entry
Hi jim!
I don't usually enter contests, but the possibility of raking in the big cyber-bucks is irresistible!
I like the outside track here, where there's a little elbow room.
Put me down for 127.0625 please.
Based on a possible revision of last weeks oil #s downward, & possible administration statements & other possible surprises.
I've been standing aside from oil/NG for a while waiting for better entry ops, but I think you fellows are playing with fire by shorting here. I don't think there's all that much downside in the OSX, & I wouldn't be too surprised to see it turn & run. This is not the environment to short into, imho. I respect your experience, but I don't agree that oil's going sub $20, & I think NG weakness will be temporary. This is a pause, not a reverse in the prospects of energy-related companies, imho. OPEC isn't going to fall apart & send the oil price tumbling. NG use continues to increase. I don't think $2NG is coming back. All the NG dependent industries that shut down will be back on line somewhere sub $5NG but well above $2NG. Consumption & depletion will continue. Etc etc etc.
Jmvho, of course
regards,
diana |
