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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Frank who wrote (102412)6/10/2008 9:04:04 AM
From: chowder  Read Replies (1) of 206329
 
I was there too! I remember MRL, FLC, PGO (which I traded successfully short term) and JimP's SMOP which he got me into early enough to make a handsome profit.

I started trading energy when oil was $9 per barrel and it wasn't the oil inventories we watched weekly, it was the rig counts we monitored every week, determining how many rigs had picked up a contract.

The same arguments being used today about high oil prices were the same arguments being used back when oil hit $25 to $30.
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