Peter Grandich says it may be possible if oil drops below $50. We are getting close. That would be a scorch, wouldn't it ?
I was kind of thinking that could be a problem for someone out there. Time will tell.
Oil Hedge fund blow up...?
Started by
nimblebear
, Jan 16 2007 03:30 PM
2 replies to this topic
#1
nimblebear
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- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 16 January 2007 - 03:30 PM
OTIS.
#2
dcengr
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- Traders-Talk User
- 13,391 posts
Member
Posted 16 January 2007 - 03:36 PM
Peter Grandich says it may be possible if oil drops below $50. We are getting close. That would be a scorch, wouldn't it ?
I was kind of thinking that could be a problem for someone out there. Time will tell.
Commercials look like they're buying.. with both fists.
Qui custodiet ipsos custodes?
#3
gm_general
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- TT Member+
- 1,653 posts
Member
Posted 16 January 2007 - 08:04 PM
If I had to pick a magnet, I would pick a 50% retrace of the BIG move up:
