Corpania Ideas

CAVEAT! I'm an amateur philosopher and idea-generator. I am NOT an investment professional. Don't take any of my advice before consulting with an attorney and also a duly licensed authority on finance. Seriously, this my personal blog of random ideas only for entertainment purposes. Don't be an idiot.

Monday, September 29, 2008

Lock in profits from shorting oil (again)

So far I'm batting virtually 1000 about my predictions on oil.
Check my dates & times of recommendations (on my blog & via email) and then see what happened to the price of oil.

I can't be right every time (as evidenced by the profit I "left on the table" the last time I told you to take profits on your shorting of oil).

But I did say on 9/22 to short oil at $120 and now I'm saying you should lock in your profits at $99.

Being in cash (with a reputable bank) doesn't sound like a bad idea now.

BTW - Make sure you don't have more than $100k in any one (FDIC-insured account) bank for FDIC insurance to work. I think it might have to be a joint account for the $200k to be protected (please double check on that).

Just my opinion.
Good luck to us all.




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