No selling or buying pressure.
Weak hands and flippers seem to be gone. Longs, like myself, may have bought all they could in the low .30s recently.
MMs are out of ideas on how to get people to sell I think.
Exposure to new investors will rocket the price I think.
The next press release will be a fun day. The World Business Review segment, which seems to have had Hemi as the example of growing domestic o/g producers is a real wild card since it will air when it airs and we dont really know when.
Of course the international world of oil is always unstable. Al-Quaeda is still committed to disrupting Saudi Arabia. Iran still has whackos in charge, Nigeria is less stable than it appears, people are realizing that ethanol is only a bandaid/short term solution, and then there is Mr. Chavez. Is there any other sector, any other stock you would want to be 100% committed to than this one????
