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


To: gregor_us who wrote (63096)6/8/2006 3:50:21 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 110194
 
wow, looks like today was the major pukeathon in the nrgeez. COS, after barphing all day, now into da green, LOL. same for OIH, huge move there. i added more SU, and reinitiated positions in WLL, PXD, and FXE (Euro ETF).



To: gregor_us who wrote (63096)6/8/2006 4:02:19 PM
From: gregor_us  Read Replies (1) | Respond to of 110194
 
Well, about 1 dollar of the 10 dollar Iran premium has come out of crude. And, about .25 cents of the 10 dollar Al Quaeda premium has come out of Crude as well.

Only 18.75 left to come out, of the price of crude. <g>

But give the FED a little more time, and I'm sure Ben can scatter all those Speculators that are behind the other 30 dollar premium, in crude. (Max smirk).

An Oil Sands name that I've warmed up to this Spring, WG, is UTS.TO. I've got a nice spread among COS-UN.TO, SHC.TO, IMO, and OPC.TO.

SU has been more of trading vehicle for me. It also tends to get very overextended, and is quite popular. I'd love to steal some again though at a ridiculous price. Perhaps on some other nasty intra-day action, this Summer? Perhaps not.

But I like UTS.

LP