Options Wonderland

[samaelrocks]

Here we go. The media decided gas was too cheap so they went on a search for an analyst to agree that we've hit the bottom. Up from here:

http://www.foxnews.com/story/0,2933,456545,00.html

Go ahead and get your USO calls. While we do that and speculators drive the price up, OPEC will be watching the close get higher and higher which will determine the new price. Awesome.

At the same time, as the price is artificially inflated, we'll start seeing 1 out of 3 articles on demand say that demand is up. The other 2 out of 3 will simply state the obvious that demand is flat just like they did on the way up to $147 per barrel (I was keeping count back then). LOL!

To be fair, the analyst in the article says that demand will drive the price up. I'm pretty sure that the media spreading an article about oil hitting the bottom will cause massive short covering, as well as, buying interest by speculators just like your run of the mill POS penny stock. Here we go!