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kid biscuit

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kid biscuit

Re: 12thman post# 11810

Saturday, 03/05/2016 9:37:31 PM

Saturday, March 05, 2016 9:37:31 PM

Post# of 12368
Win some, lose some. The divergence between China and U.S. markets widened with huge help from OPEC and other producers last week. Not many saw it coming till the comments from Russia. That has the potential to pull C away from the default cliff. It moved the other way very quickly. My favorite offshore drilling long leaps went up 1500% in one week. Absolutely breathtaking move. At 60 the downtick looked very good on C. Now I expect the buy on dip mentality to be back for awhile, although the rally will have to be tempered by profit taking on reality...the world still has to deal with an 85 year high on surplus crude oil stocks. Have a good day. KB
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