RE: RE: QuestionThanks again for the information and the answers to my questions. Yes I'm still up and reading about this.
I think I understand a bit now (thanks to you) how the share price of HOU went from $250 down to the current level of $5.
Let me see if I have this right. HOU were buying oil futures at a certain price and as the price of oil dropped monthly not only did the futures become less valuable but the buying power of HOU dimished so the next month they bought more futures with less money and kept losing on them as the price has dropped from $140 to $40.
Obviously the reverse was true when they went from $100 to $250 as they bought futures low and sold them high and increased their buying power everytime that happened.
So for my next set of questions of you don't mind.
What do you see the price dropping to by the 9th tradding day this month? If I am correct in that it still has some dropping to do in the next couple of days?
Do you feel (like I do) that after this 9th tradding day of March that HOU might be a good buy at that time?
Also do you think they have enough buying power left to get the price back up near the $10 mark assuming the price of oil has found it's bottom around $35 to $40? I guess I'm assuming that it will go up from there over the last three quarters of 2009?
Thank you very much for your information.
Wolf
PS. The advil is kicking in I guess...head ache is wanning.