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To: Dale Baker who wrote (82706)9/23/2009 11:01:16 AM
From: Keith FeralRespond to of 118717
 
Crude looks fairly stable at $70 going back through 2006, plus or minus the bubble at $150 and the plunge to $35 last year. Crude is finally becoming a fairly stable price near $70.

I added to some positions like RIG, FCX, ACI, CVX on the dip. FED announcement this afternoon seems like a non event, but I think the market will be more excited to see the existing housing numbers tomorrow.

The dip this morning enabled me to average back into some positions back below where I sold some last week. Still sitting on 20% cash.