On Sunday, March 25th, 2012 - I posted my recommendation to short oil at $106.87 (NYMEX CRUDE FUTURE) and now it just dropped to $101.30, so I now recommend you exit that position and lock in your profits (even though I then send to exit at $101 exactly).
• http://corpania.blogspot.com/2012/03/short-oil-at-10687-and-buy-bp-at-4559.html
• http://corpania.blogspot.com/2012/03/short-oil-at-10687-and-buy-bp-at-4559.html
Another profitable trade = 5.2% in two weeks is pretty good, right?
BTW - I still stand by my old (May 2009) prediction that Oil "should" be between $70 and $90 a barrel (ceteris paribus).
But I'd rather you make a quick and modest profit by my recommendations.
But I'd rather you make a quick and modest profit by my recommendations.
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