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


To: manalagi who wrote (73101)10/11/2006 1:25:22 PM
From: t2  Respond to of 206201
 
I would be cautious on loading up on oil stocks. It is a crowded group now; too many are picking the bottom here, imho. Oil stocks will move on supply and demand. If everyone that wants to be in is already there....what will happen? That is something to think about.

GS and T Boone Pickens are definitely there!

Still get that feeling that the "market" is now starting to smell blood in oil just like they did in the Natural Gas a few weeks ago.



To: manalagi who wrote (73101)10/11/2006 2:06:14 PM
From: Ottrose  Respond to of 206201
 
<<Thanks, I'll look into it. It seems to be a good move!>>

Well, let's hope it works better than has a similar play I made in BTU a month or so ago (Jan09 40 calls and Jan09 50 puts)....and only 829 days left 'til expiry!