GREY:ROAOF - Post by User
Post by
Bigpaulbunyonon Dec 02, 2008 7:47am
698 Views
Post# 15622025
This place is crazy
This place is crazyok we are at about the lowest price in oil for the past 2-3 years and Oilexco has still remained above $2.00 i think most of the Tax loss sell-off occured a few weeks ago when we hit $1.45..look yesterday oil was down over 5 bucks and and we only dropped about 20 cents.. We are at the point now, where we were at on the upside.. Oil was at about $140.00 and Goldman Sachs or one of those gruops was saying $200.00 per barrel..Now oil has tumbled and and people are giving ridiculous estimates on the down side. One crazy thing is it is like the U.S is the only one that uses oil and everything goes according to their consumption..What they dont tell you is that consumption is still on the up in China, that in 5-10 years we wont have enough oil to support demand.
Yes Oilexco is in trouble, but i doubt they are just going to give up, and if they can somehow make it through this crisis they will double their $20.00 high ..( 5-10 YEARS DOWN THE ROAD.) SOME OF THE PUMPERS HERE SEEM SO CRAZY BUT IT IS NO DIFFERENT THAT THOSE SPEWING OUT ALL SORTS OF CRAP TO TRY AND INSTILL FEAR INTO SHAREHOLDERS OFOILEXCO.
you wonder why so many people who think Oilexco is a peice of crap spend so much time here..it is amazing.
To all the longs good luck hopefully we will make it through this crisis and to all the others Pi$$ off
GLA