Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 43.75

+4.6%

Nov 12 4:00 PM EST

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To: SwampDogg who wrote (36577)	12/7/2008 1:59:13 AM
From: bull_dozer	2 Recommendations Read Replies (2) of 206820

Winter Watch... "With the crash of oil price towards the $40 area, not only has the marginal production of oil been taken offline, but there is now a good chance that average cash cost oil will be taken offline as well. In other words nearly half the oil being produced in the world is now profitless on a cash cost basis. As a result some of it will be shut in, and perhaps quickly, thus setting the stage for a large recovery rally in energy. There is absolutely no way that enough demand is disappearing to offset the potential loss of this high cash cost oil. This is a dramatic overshoot, and is a classic manifestation of the boom-bust speculation induced maladjusted roller coaster economics we live in today, and better get used to it." wallstreetexaminer.com

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