Bought some F at $4.26. I think this is an interesting play, with what I anticipate will be a large drop in the price of crude. If Obama is elected, and to me that is almost a sure thing, his SEC will crack down on the Commodity Markets wild speculation, right now it is similar to Enron & the California rolling blackouts, LOL. All were phony, as is this high price of oil.
Also, car rental companies, airlines, all will benefit.
That being said, I think chart wise F could hit the $4.00 area, but its close enough for me. |
