Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (138860)	12/11/2008 11:18:04 AM
From: ogi	Read Replies (2) of 312654

Yup, tax loss selling nearly done. Still playing Oil.t here sold 2 days ago at $2.31 and then loaded again at $2.18 and $2.12. It has recovered from its hard fall on big volume the last 3 days. Today it is behaving very differently, a very tight spread between 2.29 and 2.32 on strong volume. Any comments on this change into tight trading action? Second hand reports from Ir say they are in N.Y. looking for cash, new production coming on stream within 2 weeks. Will be going from 11,000 a day to over 30,000 a day by January. Morgan still soliciting bids/ solutions. I would take a paper offer from another producer, I think that might make sense for all. Cheers,time for lunch! Ogi

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