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Re: Vick1 post# 28284

Friday, 01/16/2015 3:04:26 AM

Friday, January 16, 2015 3:04:26 AM

Post# of 30378
Neil can have as much up his sleeve as he likes, but I think anything, no matter how good it is, that bring us up is temporary if Oil doesn't stop to fall.

I know it's lower then I thought it would ever go, and also it is taking longer. But I still think there has to be some kind of absolute low, which will set off a emergency break if it falls to low. (either that or oil is ruled by ISIS terrorist wink )

But as long as oil keeps on falling, I don't know if it is wise to have the good news out already. Maybe it's better to let as much air out as possible before moving this up again. Because otherwise all the good done in one or more day's will be undone the next week.
If Earnings come out too early, PEIX might rise toward $10, but also might fall below it again before Q2 starts. So if they need to be at $10,- the beginning of Q2, they better report it close to that moment. Unless of course the oil drop is clearly over before that. Then it is best to pull everything out of the sleeves.

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