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Politics : WAR on Terror. Will it engulf the Entire Middle East?
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: Cage Rattler who wrote (2070)4/12/2002 12:29:54 PM
From: Mark Fleming  Read Replies (1) of 32591
 
If Iran joins the oil embargo, and the war expands as Debka predicts, the price of crude will shoot through the roof. I have about ten percent of my portfolio in mostly Canadian oil (and another ten percent in Gold), which should surely benefit. However, I doubt it will sufficiently offset the destruction of the rest of my portfolio. My question is, what recommendations do the readers of this thread have as to maximising the profit potential of this unfortunate, coming event? I was thinking about options on the OIH. The May 65's (OIHEM) look good.
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