Perhaps it would behoove you to try to get your head out of your %&^ahole and read my posts from the last 3 months.
I won't rewrite my views for your convenince. You have given NOTHING of substance to why this is not a top, other then the fact your long osx.
If you call historical data, shoulder season, demand getting hammerd by high prices non substantive then perhaps I should not even reply to your REDICULOUS argument.
You want INSIGHTFUL opinion then open your mind DUDE! If you bought at OSX 82 area in November then you been waiting for a while to get back to this area, don't miss the opportunity to sell it may be your last.
I like that CHIDDING and DEMORILIZING notion. Perhaps thats your INTERPRETATION but is furthest from the truth!
Actually I have been very quiet until you came along. Perhaps you shuld have put me on IGNORE if you can't TAKE THE HEAT from someone with opposing views to your own.
I'm still waiting for your SUBSTANTIVE opinion on why OSX is a buy here, and how 6+. 36+ crude will help that going forward.
Inhave no opinion on your IPP postions, other then to say its playing with fire.
So again I ask you whats not substantive? Supply---going into shoulder season should and will get replenished as it did in 96. and 2001.
Demand- should slow considerably going into spring, and from lasting effect of very, very high prices.
Technically- OSX clearly in down trend, and has never reversed while products were anywhere near this level. Also3 year head and shoulder pattern in tact.
Fundamentally- GSF this week reiterated that GULF drilling is not picking up at all, even in the midst of the current price move.
WAR-Many contend once premium is taken out, crude will fall below 20, and could fall much more as IRAQ ramps production
US must protect oil fields and will do their best
HISTORICAl- Last time NG ramped this area it was earlier in winter and it was very short lived 2001
1996 it was also very short lives as stocks were replenished. |
