GREY:CLLZF - Post by User
Comment by
Tradesmanon Jul 02, 2008 3:45pm
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Post# 15250985
RE: Huge Sell off - TSX down 433points and falling
RE: Huge Sell off - TSX down 433points and fallingIt's probably lack of volume - people on holiday, Canada Day long weekend and others selling ahead of the US long weekend.
I don't see any particular event which would trigger a sell-off, especially not in the oil sector with prices still rising.
While everyone else is suffering, the oil companies are making huge profits. It happened the last time around and it's happening again.
Why should the oil companies worry - they'll either sell less for more or more for less, but right now it's more for more and I'm sure they're happy with that!