RE:GLTALongs. manipulating going on.Mrlongpants wrote: "the format allows fast picture manipulation"
Price of oil was$1.30 higher at 12. Now its at $1.13 now. And yet its nowhere near that number here and TD Waterhouse. Hold on to your shares.
Apparently for the first time EVER Brent short contracts outnumber longs today. There is nobody on the long side to offset a short contract!!! That's NEVER happened before. There is supply and demand...and then there are the traders...An opinion is that sentiment is at an ALL TIME LOW and this is a signal that the risk/reward is very, very good TO THE UPSIDE at this time...I'm not entirely convinced yet but I'm watching for a time to get back into Canadian oil in general. Looking at 2-3 names. I sort of like to have 5-10% of my "pile" in Canadian oil....or 0% given what's going on at any given time. Good Luck!