Boone Pickens - contra indicator?

Discussion in 'Trading' started by timscott, Apr 17, 2008.

  1. First says short oil to 80 and oil surges to 115, now says oil to 125...

    Think it's topped?

    Fed funds look like they are pricing in NO further rate cuts.

    Big component of the rise is weak dollar - I just don't see how it gets much weaker.
  2. Div_Arb


    He is playing the average investor like a fiddle. Do you REALLY think T-Bone would go on CNBC and show his hand for everyone to see? This guy is a billionaire for a reason.

    He was long the whole time at 100 and he is short now - hence the "oil to 125" comments.

    Read between the lines, my friend!