Yes I' bearish on the global economy which would imply lower energy prices, but A) nothing goes strait down and B) commercial hedgers are more long than they have been in a year. The latter is a stat that served me well this year when playing the group. The commercial guys are considered the "smart money." Thanks to my oil pit buddy Joe.
Sunday, November 16, 2008
A Quick View On Energy
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
Going hand in hand with that theme, the overstimulated airline stocks that got hyped with the drop in oil prices look ready to go back to where they once came. Long oil, short arlines. Have a look at UAUA AMR LUV
yes, definitely on radar this week, r u on twitter?
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