rally or correction ... it is all up to oil right now

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Subject Author Date
rally or correction ... it is all up to oil right now SwampMidget 07-31-2008
Posted by SwampMidget on July 31, 2008, 10:02 am
sold my S&P puts for a small profit ....now just waiting to see if oil
wants to do another huge move or go back to its downward drift

Posted by FrediFizzx on July 31, 2008, 9:29 pm
> sold my S&P puts for a small profit ....now just waiting to see if
> oil
> wants to do another huge move or go back to its downward drift

Neither. Looks like we are going to go sideways for awhile. Oil is
going down barring any major hurricanes. It was artificially pumped
up by shorts stomping on each other. ;-) Congrats on the put action.

Fred


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