I was only kidding with the "hurt" thing, hence that "-vbg" there. I don't give a shit who likes 'em actually. I ain't found the secret to anything; it's a tool to be mixed in with other tools.
Fundamentally, I worry about oil and NG. I think economic pressures will divide OPEC and I can not see oil and NG escaping deflation, which still threatens. Also, I think demand has got to be hit hard when we double-dip. Still, I am not an FA guy, so I defer to others on this.
By "relatively safe plays", I presume you mean limiting the risk with options. I honestly do not think there are any relatively safe longs per se. I know one could argue that there never are, but I am referring here to the present market, not in general.
I disagree that MRO is near support. I think it just gave it up. As for RD, I would rather bet that it gives up $40, which will lead to more down, than bet on anything more than a technical bounce off this shelf going all the way back to 1998. But, that's from the pretty lines perspective and I concede this does not enter large into the picture for you.
Cheers |
