RE:RE:RE:RE:Tomorrow MorningBlakew47 wrote: yea i definately am on the wrong side right now i dont deny it. i just cant sell i have a feeling opec will bust and we will atleast see high 40's again at the worst for me so ill get out then.. but ya im in HOD and just waiting for a good exit. i agree with bullish oil long term i just think its so volatile right now we could see mid 40s again possibly even low 40's so thats what im waiting out for. and then once im out im going long term HOU.
Your entitled to your opinion just like everyone else, but Nov 30 is a long ways off yet, and oil could trend quite a bit higher before then. If inventories keep dropping, its a possibility that oil is $60 before the meeting even takes place. However its easy to think everything is going up when your a shareholder but to see the other side of the equation or the pessimistic view and actually understand it instead of dismissing it when your a shareholder is what seperates the sucessful traders or "investors" from the ones that continually lose money. I have mostly made money and lost a couple times on BTE as well.. Currently Im underwater (again) but I feel that oil is going to be higher before it goes lower again. I am planning on riding BTE up for the next few weeks and will sell at negative news (horrible quarter which causes shares to tank or loss of the oil deal Nov 30)........