GREY:ROAOF - Post by User
Comment by
TheAuditoron Oct 13, 2008 2:44pm
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Short squeeze rally very soon !
Short squeeze rally very soon !Agree,
Just watch when RBS and OIL agree on terms of loan, now that Bank of England is backing RBS, and get a production update on their 35Kbpd to be achieved first q09.
What we will see this week, is confirmation of analysts target for OIL going from $8 to $18....
Major uptrend in the making, imagine when shorts will start to cover.....very soon...
1) The oil reserves are there
2) The financing with RBS and Bank of England is in process
3) Production of 35Kbpd is for soon
Cover now ....or later at a different price.
Just my humble opinion.