RE:Falling
I am leaning towards waiting to see how low the oil price will drop before dipping in again. A month or so ago many analysts warned of refinery retooling for heating season and that may not end till mid or late Nov. They mentioned prices may retest some previous lows. Also today you have US $ on a tear so that hurts as well. As you can see though big swings are very possible both ways, so until oil stops it daily falls I would just sit and watch for awhile. Today we took a hit on the chin but WCP doesn't just fall all the time it can rebound in a day. Others to watch may be CJ and RRX as it appears they weren't hit as hard. Oil price dictates everything for now, and as long as the world is swimming in it, the ride will be choppy. In the end though I think they will do well again and if I saw the price back in the low 10 area I would be picking up some more.