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Apache Corp. Message Board

  • MINCE38 MINCE38 Aug 21, 2008 4:42 PM Flag

    Finally. Proof of price manipulation!

    I myself posted a letter I got from apa that they would be happier with oil staying in the 80-100 range. If oil keeps going up, demand destruction will set in. Opec blames the oil speculators. Maybe this time they are telling the truth! An article was just published to day on yahoo that 1 trader is holding 11% of all september crude futures contracts!!!! Investigation to follow. This may not be direct manipulation exactly but............

    By the way, what happens to oil and APA and all oil stocks when this one guy decides to sell? And what if there are 2 or 3 more like him that start to sell on the same day and unwind over a week. Tiiiiiiiiiiiiiiiiiiiiiiimber!!!!!! God, I hope not. This is why I am long more natural gas stocks like CHK. Gas is too low to drop much further and in fact I bought UNG(gas price index) today. love it!

63.70+4.11(+6.90%)Sep 28 4:01 PMEDT