Uso?

Discussion in 'Stock Market' started by usmbtech, Dec 3, 2008.

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  1. Dec 3, 2008 #1
    usmbtech
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    usmbtech Administrator Staff Member

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    Is now a good time to go long oil? Surely it can't stay at these levels?
     
  2. Dec 3, 2008 #2
    Mad Scientist
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    Uso?

    So daiyo!
     
  3. Dec 3, 2008 #3
    usmbtech
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  4. Dec 3, 2008 #4
    NOBama
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    Personally, I'd wait until we see a solid bottom. Donald Trump seems to think oil could go as low as $25-$30 BBL. I remember him squaking about that (on CNBC) when oil was approcahing it's all time high and other talking heads were saying it was going to $200.00 BBL.

    Anyway, when oil turns around I think it's going to run up into the $100's again, but it could be a while. So, catching the bottom isn't really to important, IMO.
     
  5. Dec 3, 2008 #5
    editec
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    editec Mr. Forgot-it-All

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    Yeah, I agree.

    I wouldn't go long on oil right now.

    The economy is still too fragile to count on a revival.
     
  6. Dec 3, 2008 #6
    Paulie
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    Soon as you start hearing about banks loosening up their lending, go long.
     
  7. Dec 15, 2008 #7
    usmbtech
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  8. Dec 15, 2008 #8
    NOBama
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  9. Dec 15, 2008 #9
    editec
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    editec Mr. Forgot-it-All

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    When Obma pumps about ten trillion dollars into the economy (and most of it gets into the hands of the working class) THEN I'd start thinking about the oil prices rising again.
     
  10. Dec 15, 2008 #10
    DavidS
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    DavidS Anti-Tea Party Member

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    What's the difference between us oil and light sweet crude oil?
     
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