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S Chun-Li

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S Chun-Li

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Re: Alchemist post# 48593

Friday, 11/22/2002 12:55:07 PM

Friday, November 22, 2002 12:55:07 PM

Post# of 704019
No fave oil stocks but I trade the crude futures occasionally.

What are your thoughts on price of oil. My guess is up into an Iraq conflict, maybe even hitting $40. But I'm not going to trade it on the way up. Plan is to wait for escalation, then short as long term it is liekly to get back into the $18 - $24 range.

Incidentally, looks like US is stocking up. Rigs normally seeing one tanker a week are now seeing three. This is second hand info. I am not in the oil biz.

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