Technology Stocks & Market Talk With Don Wolanchuk Message Board

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

SOXL 41.75

+8.2%

Dec 19 4:00 PM EST

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To: Hugh Bett who wrote (67533)	9/24/2011 5:02:12 PM
From: da_cheif™	1 Recommendation Read Replies (2) of 207359

>how can oil go to 10<.......its been there before eh.....lessee......if the producers need money and lots of it to pay for their skyscrapers ,and debt...etc etc...russia is the biggest producer.....and has huge cash needd.......they gotta pump more oil........but they have been doing that for that very reason. the world is flooded with oil....and a price war seems inevitable.....when oil was 10.....my idea that it was goin to 20 30 40 was met with total disbelief...who can produce oil for 10????.....well there will be fewer producers when it gets there and the whole cycle will start all over again......

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