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 -- Ignore unavailable to you. Want to Upgrade?


To: Wowzer who wrote (60917)2/25/2000 12:24:00 PM
From: Think4Yourself  Read Replies (2) | Respond to of 95453
 
I'm more worried about next week's API numbers. If oil supplies drop to a 20 year low, the stocks of quality oil and gas producers/sellers could drop below their 52 week low as they continue to pull in all time record profits on all time high oil prices. After all, everyone trading these stocks knows that oil is going to $18, right? ;o)

Incidentally, it looks like the commodity shorts have finally figured out that it's not very smart to short oil at $30.

This HAS to be mutual fund redemptions from your average american. No one who actually understands what is going on would be selling here, but if ones investing acumen involves watching and listening to the buffoons CNBC interviews (Kudlow comes to mind right off), one would think tech is the only place to be.