AI
Thursday, August 20, 2015 12:59:29 PM
REX American Resources to Report Q2 Results and Host Conference Call and Webcast on Thursday, August 27
10:01 : Thursday 20 August 2015
Note: i'm still not buying shares of REX for, as i've been saying since early in the year, the price of oil could go lower. In late June i was convinced the oil rally was over and would be plunging and indeed it has. I wish i'd committed significant funds to shorting oil with the 3X leveraged ETN DWTI (up from $60 in late June to as high as $190 recently).... I almost bought DWTI at $60 but instead decided (given the irrational buying support oil had been getting) to put too much money on a few pos biotech plays.......
Maybe oil prices will finally rebound in 2016 assuming demand from India (and China?) and elsewhere continues to rise and finally surpasses the supply glut.... Otherwise ethanol prices will likely wallow....
10:01 : Thursday 20 August 2015
Note: i'm still not buying shares of REX for, as i've been saying since early in the year, the price of oil could go lower. In late June i was convinced the oil rally was over and would be plunging and indeed it has. I wish i'd committed significant funds to shorting oil with the 3X leveraged ETN DWTI (up from $60 in late June to as high as $190 recently).... I almost bought DWTI at $60 but instead decided (given the irrational buying support oil had been getting) to put too much money on a few pos biotech plays.......
Maybe oil prices will finally rebound in 2016 assuming demand from India (and China?) and elsewhere continues to rise and finally surpasses the supply glut.... Otherwise ethanol prices will likely wallow....
