RE:RE:Bought more today at 5.82arizonabound wrote: Oops meant 7.82. Lol. The higher oil goes the more CJ drops apparently.
AB
Haha, when I seen your first message at 5.82 I was like lucky b*stard! Did it drop like that on the open? (cause I slept in)...
I think some days it can disconnect from the oil movement as some do profit taking/re-alignment of the portfolio as this starts to become a bigger slice of the portfolio pie with upward price movement, let's not forget the short term traders that may pull out here to pick up laggards with the belief they would catch up, but generally it's gonna continue to follow. But on the flip side, oil can stall out or retreat and this can trade on the fact it's internal structure is improving with debt being paid down. It's a mixed bag story at the moment, but the oil price is the largest contributor of course.