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Non-Tech : Cramer Touts -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (115)8/19/2005 4:49:27 PM
From: Carl Worth  Read Replies (1) | Respond to of 843
 
interesting that crude made this bounce on almost meaningless ecuador news, but of course it's friday and that adds to the move

also interesting that even t. boone pickens said he was watching Q4 demand very carefully, after the first indication the other day that demand is finally starting to soften in the face of high gas prices

from what i remember reading, the strategic oil reserves should be about full at this point as well, which will take some demand out of the system that has been present for months

remains to be seen if cramer picked the top, but i find it hard to argue with his taking some profits after the run oil and related stocks have had

like tsig, i thought he explained his decision very well, and contrary to the email you received, he wasn't talking about selling XEL, which is a utility, he said he was selling XEC, which is an independent oil