RE:WTi through $49, $50 coming tomorrowuograd wrote:
Of coure Bago, the price will go up if shorts cover. do you actually understand how investing works. If you are long, you wants the shorts to be forced to cover.
Investing 101 and they will be covering hand over fist tomorrow.
Today was a strange day for oil stocks.. its almost as though they were pushed downwards to mute the drive upwards with a big inventory drawdown. So now if BTE goes up 5% tomorrow its still well under its highs from 2 or 3 weeks ago.