NYSE:IVAN.WS - Post by User
Comment by
Tradesmanon Jul 11, 2008 9:25pm
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Post# 15285241
RE: Why Is This Going Down on a Day When Oil is Up
RE: Why Is This Going Down on a Day When Oil is UpGood question!
We are due for a bounce in oil stocks - just not today, probably because it's Friday. A lot of oil stocks were down today. Looking at the charts, I think we will see some upward movement next week.
I still think the price of oil has to come down, for the good of everyone. Even then, oil companies will make record profits and going forward, Ivanhoe looks to be well positioned.