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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: crustyoldprospector who wrote (10726)11/29/2008 12:56:18 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 33421
 
So crusty would that not be negative for gold also ST ?

FWIW.. I got hit on a lowball oil short on the TSX Friday when the TSX spiked (HED.TO, double short TSX capped energy index) and on HGD.TO which I already had bit of.

I expect the possibility of 40$ oil to be priced into the oil stocks and have some real stinker bids in consequently..

The Black Swan



To: crustyoldprospector who wrote (10726)11/29/2008 3:18:44 PM
From: nspolar  Respond to of 33421
 
crusty, below 40 would be a very nice Xmas stocking type stuffer.

If it would stay there for several weeks would be a double bonus.

It would mean that maybe da boyz would have to literally clean out all the dead wood again, especially at my place of employment. The biggest difference I see within oil cos these days compared to my earliest days is all the non value added by the paper shufflers. There are two things companies fail to realize these days; one is how much the productivity has increased, largely due to computer driven technology. We do not need all these paper shufflers. The second part of what is not recognized and dealt with is just the opposite, and that his how much non value and loss of productivity can occur, by misuse of these same tools. Worthless emails and studies, piled high and then piled higher.

It would mean another bunch of packages maybe, and I am about ready for the parachute. Hell, I would like to get one. Thought the chances had bypassed me, but maybe not.

It would mean my 12th man I have recently employed to work for me would score about 4 touch downs or more, from here. I think he has the ball now and is headed downfield now ... if so he will get the ball more and more here.

And lastly it might mean I could fuel up my diesel burner again on a single 100 dollar bill.

TF



To: crustyoldprospector who wrote (10726)11/30/2008 5:13:39 PM
From: MulhollandDrive  Respond to of 33421
 
thanks crusty, i agree....i'm not in the oil industry but logic says that

low 30's mid 20's is not outside of the probability considering prices revert to the mean