RE: Keep,bigmoney2009 I am too... buying... that is..... but my order is in at 18.91. Charts still have SU heading there to complete the double bottom low SU had on Nov 29 when it hit 18.83.
I still hold some of my original position it's in a Covered Call so it's hedged for any down side... sold 1000 at 23.33 the other day and then bought back 200 more at 20.12 this friday, changed my overall average down only slightly... but I made a few dollars...now waiting to get back in further when the down cycle completes it's double bottom action.
The $WTIC chart still shows a continued slide the the 20 day and 40 day are still paralelling each other down there has been no cross. No basing or side ways action...
Maybe Merril Lynch and those Swiss Bankers have it right 35.00 oil here we come ...and still others think 25.00...that level will really hurt future oil producton... and shut in a lot of oil....which it seems the Saudi's want... they get to wreck rivals and ruin the North American oil industry and clean up in supplying later much more expensive oil.
But who knows we all throw the dice.
Cheers