Uso?

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

  1. DanK
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    DanK 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. Mad Scientist
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    Mad Scientist Feels Good! Gold Supporting Member Supporting Member

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    Uso?

    So daiyo!
     
  3. DanK
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    DanK Administrator Staff Member

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  4. NOBama
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    NOBama Senior Member

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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. 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. Paulie
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    Paulie Platinum Member

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    Soon as you start hearing about banks loosening up their lending, go long.
     
  7. DanK
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    DanK Administrator Staff Member

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  8. NOBama
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    NOBama Senior Member

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  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. 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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