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	Forums ›› Main ›› Stocks ›› This weekend Barron's recommending buying select energy names.

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ktgtrader

Registered: Jul 2008
Posts: 53

08-11-08 07:51 AM

Citing the quick drop in oil prices, Barron's suggests that this may be the best buying opportunity in the sector in many years. British Petroleum (BP), Chevron (CVX), Conoco Philips (COP), and Exxon (XOM) in no particular order are trading at......

http://www.google.com/search?hl=en&...G=Google+Search

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Brandonf

Registered: Dec 2001
Posts: 5536

08-11-08 11:56 AM

They would think that. Somehow I'm having a hard time seeing this as the best buying opportunity in years, I mean all we have done is fallen back to the price levels of several MONTHS ago.

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newtothis

Registered: Jun 2008
Posts: 86

08-11-08 04:33 PM

Although I'm new to trading I think barrons is wrong
BP and all those companies made millions because oil was sky rocketing up. The moment it goes down, the value of the company that owns the oil will go down
am I making sense?

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JamesVU2000

Registered: Jan 2004
Posts: 1472

08-11-08 04:40 PM

You know why commodities are going down? because were about to have a global recession. No economy is going to be immune . I gurantee unemployment is going to take off in a very big way soon. The porblems in housing and banking are going to take down everything.

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turkeyneck

Registered: Dec 2007
Posts: 1513

08-11-08 07:14 PM

Is that the reason why oil is down today even after the Russians destroyed a pipeline in Georgia?

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ktgtrader

Registered: Jul 2008
Posts: 53

08-11-08 08:05 PM

Yeah, I'm not sure. i try not to read to much into the news. More just the way the market responds to it. There are so many variables in trading the news. My trading plan constitutes, trading what I see and not a scenario that I construct. However, I bought Oil and commodity stocks when Oil double bottomed today. Which may have been a little early according to my plan, but that is just luck...kinda. Caught a good bounce. Getting out if we get close to 114.00 again.

www.theoddlot.net

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