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cash2make4me2day

12/19/08 2:42 PM

#22378 RE: tregaron #22377

I remember reading about koch (energy co in midwest) buying the current oil contract, taking delivery, selling it as a June Futures contract at a big profit, and renting a super tanker to store it until the June delivery date. If there are others doing this, you can bet that the prices will stay low for a while. I'm short on the oil co's via DUG. DUG has not gone up enough, in my opinion. The price of oil goes down $110 and DUG goes up only 25% during that time, just doesn't jive.