You wanna lose money listen to Cramer and his lightning round ideas or his rhetoric. LOL!!!
My guess is people like sl1 are paid bashers paid by large conglomerate short sellers or hedge funds and their job is to try to induce panic to help the company with their short position. The same happens with longs on certain yahoo boards. Take all the info on a yahoo message board with a grain of salt and for entertainment purposes,never make a buy or sell off of any yahoo on a yahoo message board.
Hope your right fluteman but closing over 45 we will see. I think either way 6 months from now 45 will be a distant memory as shorts will be hoping for 45 at that point.
Sentiment: Strong Buy
I first bought in with a half position at 16.11 on USO which is oil around 43-44 or so, I have another 50% sitting on the sidelines if we drop below to 35-40 range i will buy more if not i am content with my position. Heres the bottom line we are sure as hell alot closer to the bottom than the the top going forward. So I agree with King, a long term investor with a 12-18 month window would be wise to go long near these levels.
I took a flyer and bought at 35.04 a couple days ago. I did not go crazy with a ton of capital since there is so much controversy surrounding the stock but one thing is for sure. I will either make a nice profit or loss a minimal amount of capital. This is a highly speculative play hence my bet. Its a win,win for myself I either make alittle cash or have a nice little tax write off on the other end.
Everyone would like to buy at the bottom are you kidding me? No one knows it could be 15 or it could be 10 who knows. One thing I do know is that long term oil will not stay at these levels. This is a gift for the long term if you have patience you will make some cash even buying at current levels no matter how much lower it goes.