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crudeoil24

08/27/08 3:36 PM

#5745 RE: The Rainmaker #5744

I am not rooting for this stock. As a matter of fact, I don't own any shares.....just an observation with Gustavo heading toward the Gulf of Mexico.
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YourPlanet

08/27/08 3:42 PM

#5748 RE: The Rainmaker #5744

Hurricane futures too is on the borderline. Not sure what
they do with the gains...
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BlackSwanster

08/27/08 9:33 PM

#5782 RE: The Rainmaker #5744

I personally see the Hurricane Plays as an insurance policy. I have some rental property down in New Orleans, and if I have to go down and deal with that circus at least some of my stocks will be going through the roof.
Might as well play them and get your tax money back. If those stocks shoot to the moon it'll be on your tax dollars. Those companies can soak up some serious government funding.

Fun Fact: Did you know that the cost payed by the federal government to put a temporary blue (tarp) roof on a house after a storm cost the same per square (100sqft) as a regular ashalt shingle roof (tear-off w/ new shingles, and clean-up) which is about $1.65-$2.00/sqft.
That is a NET profit margin of around 65%.
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$heff

08/28/08 1:54 AM

#5810 RE: The Rainmaker #5744

Rainmaker...I leave the Hurricane stocks alone because they rise on people's misfortunes. Sheff

Such a sad thing to root for(death and destruction) so your stocks price goes up....that's probably why I never seem to get in on those hurricane stocks.