SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Perfect Hedge who wrote (8295)1/15/1998 4:03:00 PM
From: Lucretius  Read Replies (2) of 95453
 
Glen, didn't I tell you that my crude oil guy said we be at $16 by the end of thee week and that this latest Iraqi deal was a nonevent. That was Mon. Come on people. You guys are driving me nuts. Didn't anyone listen to the GLM cc? The sky is not falling here. We knew oil was heading down. My crude oil guy says that he expects WTI to bounce off the 15.5 level and trend up back into a 17 to 19 range for the rest of the year. Where else are you going to put your money besides cash? NASDAQ and DOW are trending down, but mark my words when crude bounces so will the financial mkts. Where's the biggest return going to be at that point? Yep, you guessed it-- Right here on this thread. If you can time it great. If not, join me and hold. Since I waited to buy at 24 and 23 on NE and my original cost is around 16 for my primary position, I haven't lost a dime. Might be different if I was jumping in and out all the time, eh?

Additionally, DOW was off 100 today. Honestly what did you guys expect? Most stocks were lucky to close unch. Sit back, sell calls against your position, prepare for the ensuing consolidation, and relax. Just trying to bring a little much needed stability to this thread. It's like riding a rollercoaster. Makes me tired.

-Lucretius
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News