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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (45046)10/9/2008 6:28:21 PM
From: Logain Ablar  Read Replies (2) | Respond to of 71004
 
Harry:

The funds were puking this PM. Has to roll into tomorrow. XOM down $10, wow.

I started nibbling at pgh this afternoon. Even if the dividend is cut in half (28% yield to 14%) the stock is back to the levels when oil was just breaking $40.

Of course if GM goes belly up tomorrow and we do start to see bread lines all bets are off on oil holding $40.