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To: stormrider1 who wrote (338)2/2/2007 5:04:46 PM
From: LTK007  Respond to of 694
 
<<I'm in your camp on crude and insiders always know when somethings up. Just looked at our extended forecast for next week and we have some of the coldest weather in years on the way next week.>. Think of me next week--we may hit -20 here over 3 days. i see it is 9degrees in Chicago right now.
Our weatherman is saying to seems to be the last wave of arctic blast.
Really really want to reload.
i could handle a little mild bit to get me back in USO.
Posts on Mish thread is saying to 80 by 2008 and BW is saying futures for months ahead are saying we will be above 60 for years to come.
A dip to 57-55 i see as a strong buy.
Congrats on VLO to assuage pain of RYVNX loss.
The 10k shares i now have i RYVNX i hope are not forever:)
i have a worst possible case---that woul be about 10 bucks on RYVNX, it that happened, i take a DEEP BREATH and buy 20k shares to get a 13cost/basis(given that i also should AWESOME OVERBOUGHT LEVELS---equal to the year 2000)--i must remember that RYVNX went from 7 to 124!!!! between 2000 into 2002.



To: stormrider1 who wrote (338)2/2/2007 6:29:56 PM
From: ajtj99  Read Replies (2) | Respond to of 694
 
Storm, I have suggested crude should hit $30/bbl in late 2008. I have not said anything about $30/bbl other than in the context of $30/bbl in 2008.

Since late summer 2006 I have suggested $36/bbl in fall 2007. The path suggested was 79.86 to $56 (we got to $51.03), then up to $67-$71, then down to $48 (modified to $36 later).

investorshub.com

I have a pretty good track record on oil for the past 3-years since I've been following it closely. We also purchase petroleum products (resins) for our business, and we have timed every oil low during those 3-years, with the lows in January the most recent example. I have also been quite good at knowing and timing the highs.

You can search my posts on IHUB on my thread or on Trader's cooperative to see what I've written. It's there for anyone who wants to see it. I have nothing to hide.

Here's one for you:

investorshub.com

Here's some links to some more:

investorshub.com

I just follow the charts. I adjust as charts change. I know some believe in peak oil, and whatever that theory is, what I use utilizes price, volume, and momentum in time frames ranging from daily to quarterly. The relevance of oil in the future is something that may or may not change. I don't know, and I don't care to speculate on how much of it there will be and how much of it the world will need.

I just wanted to help set the record straight regarding my views on oil and specifically the $30 target attributed to me.