GREY:TBTEF - Post by User
Comment by
bshort92on Feb 22, 2011 6:55pm
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Post# 18176702
RE: RE: GMP Buying
RE: RE: GMP BuyingGMP stepped in again after the close. So oil was up $7.95 a barrel today. So TBE sells off over 3% of its value. Are we to surmise that if oil goes up $16 a barrel tomorrow that TBE will lose over 6% of its value. At some point the brainless will get overwhelmed. They had their day in court today. OK so TBE sold off...but the macro has not changed. Oil is going higher. Come on like tomorrow the whole Middle East is just going to simmer down and markets are going to pull back and the demand for oil is going to diminish.Prices slide back to $75 a barrel. Gimme a break.