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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (85358)	1/30/2009 6:43:11 AM
From: GROUND ZERO™	Respond to of 94695

No stops on oil, no fear, I'm buying more if/when the market moves lower, the market is basing between the $40 and $45 bbl levels, I loaded up at $38 bbl, so I'm in good shape right now... I can carry it all the way down to zero and I don't think we'll ever see anyone giving away oil for free... once the global economies begin to show signs of recovery, oil is going to fly... I can wait as long as it takes... production has already been cut by OPEC and in Mexico... once the over supply works its way through the system, then the oil market will not be able to meet to growing demand once again... the key to any successful trade is patience and timing... I appreciate your comments, and I am fully prepared in case oil takes another leg down, but I will only add to my holdings... I will hold crude oil long after capitulation hits the markets... We're heading out on our cruise later this morning, and I'm not one bit concerned about any of my positions...<g> GZ