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

To: diana g who wrote (73194)	10/12/2006 4:20:07 PM
From: t2	Respond to of 206326

diana, Thanks for your observations on the Pickens interview. Your perceptions may be right. I just tried to extrapolate his views to others that would respect his opinions. That resulting in too many already long oil; too many buying low here. It is going to get harder and harder to find new bulls for oil stocks in the future, imho. Saw a story today that there are so many energy focussed hedge funds now. Who knows whether they are leveraged up long (or possibly short). My guess would be they are stuck long crude futures because oil itself is not acting well although the stocks seem to be stable/strong at this point. Don't know what to make of this battleground other than to see which way it breaks and follow whatever trend develops. I like Cramer; he tends to get broad market moves correct. I also found Joe Kernen's comments this morning interesting. One can tell he is bearish on oil now(and he is a republican!) although he is not supposed to give opinions. I trust his observations at extremes. When Nasdaq was at the lows in 2002/2003, I recall he would calculate the number of days til it gets to 0 based upon the big daily declines. I guess we will know in a few months or years how it unfolds. I feel oil will time in 2007 but we shall see. Best of luck to you.