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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: gregor_us who wrote (104119)	7/4/2008 7:30:08 PM
From: orkrious	Read Replies (1) of 206323

Anyway, it's been 2+ years since I was in SU as CNQ, COS and NXY drew away my attention. But starting last week, I got back in. I'm buying both the common, and the LEAPS for 2010. Take a look at this chart (WTIC left-hand scale, SU on the right). until that fateful day six weeks ago SU has tracked crude very well for the last two plus years. SU is selling for the same price it was when oil was just over $100. oil could suddenly sense a world-wide depression and plunge back to $100 and unless there is something sinister happening that no one knows about and SU's long-term relationship with crude is changing, SU probably doesn't have a whole lot of downside, maybe 10% to reflect a dissatisfaction with oil investments. assuming your theory is correct, it should be onward and upward. [edit] I see Stock_Charts doesn't post my complete chart, and linking the chart doesn't work either. WTF is up with Stock_Charts? do I have to do something different to get it to post a longer time frame and an overlay?

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