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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by Sparkletoothon Sep 08, 2008 2:01pm
377 Views
Post# 15438611

RE: Next Up

RE: Next UpTime to short oil (I'm long HOD:  this morning's action was very telling; the 2 dollar rise on hurricane worries evaporated like volatile petroleum liquids) but I wouldn't sell BUK here.  I'm keeping my BUK as I think it should be an easy double or triple from here over the next 8 to 10 months, but there's no point fighting the tape...hence, the oil short.  I will cover the short when we break below $90 or after the U.S. election, whichever comes first (and yes, I'm VERY cynical about US politics).

Happy trading. 
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