GREY:ROAOF - Post by User
Comment by
Bigbadoilon Feb 23, 2005 4:21pm
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RE: a break out of the down trend would be
RE: a break out of the down trend would be Seems alot of other junior oils I hold are dropping today, so this could be a whole sector re-adjustment rather than just oil????
All the Mm's have decided to take profits today on the sector and oil gets sideswiped....Maybe as the oil price hit $50, everyone collectivley doesnt believe it and took profits???
Anyway like your analysis and info..it makes some sense. hopefully we can hold $3.28 tomorrow. whats your next point if we dont?
Bigbadun'