3 good reasons-1) by tommorow gustav will once again be a hurricane2) Oil inventory numbers are out of the way- bullish for oil3) Folks will be leaving town for the holiday weekend and they will not want to be holding this stock when markets open on Tuesday with a hurricane htting the gulf coast4) Hanna to follow?#4 could be the real kicker. Oil has bottomed in the 112-114 range.
2) the oil numbers aren't bullish.4) oil is headed to 90$ by election day.5) the last time you called a shout here at 7.50, you got your ass handed to you at 8.42.http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_U/threadview?bn=23162&tid=45312&mid=45327Nice call jackass!
I didn't short it until yesterday! That was at 7.59 and sold it at 6.71 today for a 12% profit.Not bad for less than 24 hours. A little advice Milly..Just because you want to believe something, it does not make it true. Oil supplies were short 100,000 barrels today. How do you think they will look next week after the hurricane and the continued slowing of supply out of Georgia? I would suggest you do your homework..
Pretty funny,Not that Cramer is right all that often, but he stated he felt that IF Gustov does not directly impact the LA (as in the state) area, that on Tuesday oil could retract down $8.00-9.00 a barrel.LCC could easily be back above $8.00 should that happen.Good luck over the weekend...
Awesome call at 7.10!
1.1 million share trade at 5:15 after hours $7.12