Value Microcaps Motherboard

[southacresdave]

Oil $52.20 right now....For those that follow Steve Forbes idea that oil is going to go to $40 because of all the oil coming to market......remember to ask who is going to pay for the billion dollar projects in Saudi Arabia to increase capacity in the years to come. It won't be them if oil is $40. Also, who is going to sell oil from Canada from the Oil Sands area if it cost more to produce than sell.

However, I think hedge funds are in the process of making monster money for themselves by forcing anyone long to cover at any cost. I've given up on predicting the bottom. It will occur though. Then the next SERIOUS flair geopolitically will cause oil to pop up several dollars as the shorts get squeezed back. That might be the time to sell any energy holdings (that you hold short term) and wait it all out.

Ah, the games that we play!