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.
Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?


To: Joe Smith who wrote (5961)10/10/2001 11:22:12 AM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Joe, I talked about that a few weeks ago when they skunked down the close-in crude & natgas futures, I made a few bucks, and those trades are closed out, but I am looking at that sector again. The picture was clearer then, it was easy money, now it is harder to figure.
And, as I posted on the 13 thread around the same time, I was buying RD, which was $40 at that time, it is now $53, but I sold too early, natch....
So, I would look at selected oils, like RRC..But I would only buy on weakness.
On the other hand, if some of the mid-east oil fields somehow get blown-up, or worse, hit with some of those suitcase nukes, you would want to be long crude and a number of the domestic oil producers.
I also understand they are holding up ships that deliver liquid natgas, for security reasons. The off-set is natgas inventories are beyond full.

In closing, I just don't know with any conviction what to do in this sector, this minute, but I am watching, waiting..