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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (11684)	4/11/2004 9:55:37 AM
From: Umunhum	Read Replies (1) \| Respond to of 110194

<(hint: backwardation is a sign of low inventory levels).> Backwardation also implies that supply will be more readily available in the future. A claim I dispute. <Have enough margin on hand to handle a drop of the maximum conceivable magnitude. WTI @ $20 or less, just in case.......if you are not ready for what Mr. Market can hand out, he will take all of your money and distribute it to others.> I agree. I am not going to shoot my whole wad at this. If oil did make it down to $20 though, I would go very heavily into the longest term options that I could buy.