one thing is for sure its black friday here in the states. its also black friday for the black gold. this was a nice shopping day for me as i added to several positions today in the oil and energy sectors. one of which is not hdy... i got out of this one a long time ago and took my beating.
as of 9/30/2014 blackrock still has 2.5 million shares.
They plan on keeping it down here until they bankrupt some shale producers .... that will take time. Also cheap oil hobbles the Russian economy ... it's in a lot of peoples interest to keep it low for an extended period. Just read all the headlines .... ain't no quick bounce going to take it back up, unless we get into a war with Iran or something. Just don't see it. The game has changed today with Opec's decision.
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