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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (41208)	4/1/2005 4:36:28 AM
From: GREENLAW4-7	Read Replies (1) \| Respond to of 206085

OSX/CRUDE PLUNGE PROTECTION TEAM to the Rescue!!! I have to laugh and then take a step back and laugh again. WS again seems to be chasing the samething. Week after week crude increases, and we still stay above 50, from where I sit Crude has no business even in the high 40's. So many folks on this site have screamed that FUNDAMENTALS determine price, well if that is so SUPPLY is highest I have seen in many, many years. Actually I think its as high as 2001 but I may be wrong. Now you have Joe Bastardi, GS, Flynn, every person is in the pockets of these Crude traders. Bastardi has ZERO credablity when he now wants to focus on the Hurricane season instead of the 60 degree day in the NE. Crude market reminds me more now then ever what we had in 2000, and it will end very ugly for many who are chasing these stocks. Remember if CEO of XOM says oil is artifically too high then why would he lock into longterm day contracts. If you look closely at the contracts for lets say RIG's fleet you will notice most are 3-6 month contracts. Those are the good ones, if you look at others they are 30 to 60. I find the GS PUMP exactly what I had expected, and like I have said too many times these Greedy PIT TRADERS will be selling and shorting while you would believe they are long. Someone used that news for thier benifit and if you had 1/2 a brain you would have shorted. Does tht mean we could do down from here, no it means the market will do what most don't believe but in the end FUNDAMENTALS will have the last laugh.