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Author Message  holycow Member Username: holycow Post Number: 3510 Registered: 08-2004 Rating: N/A Votes: 0 Wednesday, November 28, 2007 - 06:11 pm:     Oil Stocks Daily 1) here's a snapshot of the oil stocks that I am monitoring... so, are you feeling confident? POO at US$95 is still high but the oil stocks are getting a nice spanking all round. Stock such as AED is getting a lesson it will never forget. What's up? 2) my take is there seem to be some kind of rationalisation going on in this sector due to the plunging US$ and the tightening up of loose credits causing liquidity problem (flowing into oil speculation). The temporary death of the Yen carry trades is adding salt into wound... I reckon this group will be going all over the places for a while - those who are under T/O speculation will remain high, while those who are not "doing much", ie, doesn't have good and exciting news to spur buying will be... "not doing much"! 3) ... but longer term I am still bullish in this group, and in the energy sector as a whole... so I am not giving up yet! HC ... hopelessly addicted to charts!

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