GREY:WFREF - Post by User
Comment by
Reflecton Mar 17, 2015 12:15pm
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Post# 23529835
RE:RE:RE:RE:From the EIA today
RE:RE:RE:RE:From the EIA today
By all accounts I do not believe LRE is a.70 stock. I believe in this environment LRE should be accordingly around the 1.20 to 1.50 range. What this means is that the shorts have done their job well & now we will see if they reap their rewards & I’m not talking stamps.
My entry point speculated that oil would creep up to the 55 range & flatline. Obviously, I was wrong; the dilemma being to sell or buy down. I chose the latter & decided to take advantage of the situation & time will tell if I chose right.
From the sidelines & couch it is easy to talk.