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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: BW who wrote (32847)	1/19/2007 12:11:48 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Perhaps. Any disruption in supply could push it back to $60 in a quick way. Many hedgies are hurting with blown-out energy positions right now, and believe me, if they see a chance to push a a move up, they will. I think back to when the Economist magazine in March of 1999 had "Drowning in Oil" on the cover and that $5 a barrel oil was possible for as long as five years out. By year end, when The Economist printed a lengthy retraction, oil had hit $25. LOFL... Going long crude, off that idiotic cover was one of my best trades. It just could not be allowed to drop to that $5 level, for the geopolitical reasons I sited at that time.