RE: RE: RE: Investors need to realize..
Your first 2 cents is the first opinion I've heard about supply cuts that actually makes sense in the world I live in. OPEC is nothing about brotherhood and EVERYTHING about keeping an eye on each other at regular meetings. I'm sure the guns are out on the table at those scheduled meetings... LOL
I agree there is volatility coming and unfortunately Bankers isn't a solid enough story in this market to make me want to rought it out. However, probably still a good channel trade... if it goes sub-.50¢ again in the next little while and oil springs back to life, you want to travel upward with it... 50,000 shares and .40¢ spike is a pretty nice 2 week payday don't you think ?
I think what BNK has going for it will be the fact they have the oil if the price of oil gets to where we all think it should be. But if no one is calling for oil it doesn't matter whether OPEC is true to their word ( HAH !!! ) or not, demand will call the shots in this story over the next Quarter. If demand rises enough to make a dent, then the recession could be entering into recovery. My bet is more in the area of further destruction coming over the Q1 '09 and will see much more misery than we did in Nov.
Mostly shorting the TSX who will dive worse because of commodity pull back. Having said that, I am not in anything that requires more than a 15 minute fuse to get out of... Mostly playing oil / gold / tsx through ETF's for something to do. Made a lot - lost some of it - but cannot for the life of me see a reasonable 2 week investment... other than WZR - it's a 2 - 4 week investment.