RE:Shorts burnedSecond this emotion. Sick and tired of the short timing day traders controlling the oils
by trading with the daily fluctuations of crude and totally ignoring all the excellent
fundamentals that most of the oil companies are demonstrating. That is a big reason
why the oils are staying undervalued. The short timing crowd needs to get really
burned in order for fundamental value to emerge.
Saying that, we will see if the NY traders try and shave the crude price spike down
as the usually do by the time our markets open. Those NY traders hate to lose big
time so it should be interesting.