Monday, December 18, 2006
Quick Alert: Oil Stocks Getting Poleaxed
I guess the warm weather in December is starting to take its toll on oil stocks. Right now, they are getting their asses kicked-- in a very big way.
Stocks like TSO, UPL, VLO and two dozen others are subject to panic selling.
My approach is to nibble here, bite later. As you know, when oil stocks lose momentum-- it could get ugly.
Naturally, with the markets down and the dollar weak, the bears are claiming the end of civilization as we know it--now. However, I suspect the asshole dip buyers have a few buy order left-- prior to the New Year.
Stocks like TSO, UPL, VLO and two dozen others are subject to panic selling.
My approach is to nibble here, bite later. As you know, when oil stocks lose momentum-- it could get ugly.
Naturally, with the markets down and the dollar weak, the bears are claiming the end of civilization as we know it--now. However, I suspect the asshole dip buyers have a few buy order left-- prior to the New Year.
Comments:
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Arg. Oil stocks. These guys will go down 10% in a week on no news at all. It's warm. Doesn't matter which one you own either - they all go down.
# posted by 
: 3:51 PM
: 3:51 PM
http://en.wikipedia.org/wiki/Image:Oil_Prices_Short_Term.png
Volatile by nature and subject to many factors besides the weather.
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Volatile by nature and subject to many factors besides the weather.
# posted by : 5:05 PM
: 5:05 PM << Home
