So is SLB.HAL,GLM,and everyone else in this goddamn business, there's gonna be some incredable buys coming up,it may be tomorrow or six months, but some serious money will be made!!!!!!!!!!!!!!!
OPEC clearly miscalculated by increasing
However, the Asian depression and lack of worldwide demand
is the real problem. If it had been an oversupply
problem caused by an OPEC increase, the subsequent
cutbacks OPEC made would have corrected it or would begin
to correct it by now.
Also, oil is not the
only commodity which is down big. Practically all of
them are down (Corn, Wheat, Bean, Gas, Copper, etc).
Even Cotton is not as high as it should be given the
100+ temps in Texas for so long. This is not OPEC and
its not weather (although these are factors). Its
The real danger is that the Asia depression will
spread to the US stock market. It has already spread to
the oil drillers. Most CNBC viewers (and broadcast
people) could care less about this sector. They will care
more if and when the overpriced Dells, MSFT's,
Cisco's, Tellabs, Coke, GE's start to go down
I am hopefull that the general market and high tech
won't crash. However, I have learned that HOPE is a
dangerous word in the stock market.
So what the F___ does a college degree have to do
with any thing.
There are numerous CEO's and
presidents out there that have no
degree. Sometimes (most
of the time) the school of hard knocks
provide a much better education than any ivy league
I take it your long at the 52 wk high b/c someone
pumped you into
this stock. There are great oppt's.
out there in the oil patch these days if your not
into instant gratification...
especially if you got in earlier this year, but I
believe we have a great opportunity with many of these
oil related stocks. They are all way off their 52 wk
highs. Look at Global Marine (GLM) Tidewater (TDW)
Halliburton (HAL) and of course DO. I think they are at
bargain basement prices. Merrill has all of these at
"buys". I'd be moaning too if I got in earlier and
fortunately I did not, so I am accumulating all these stocks