OIH crashing

Discussion in 'Stocks' started by a529612, Jun 7, 2006.

  1. What's going on? Are they thinking oil will go back to $25 or the margin hangman is at work?
  2. sunnie


    Just went long yesterday, so, of course it goes down, LOL!

    Seriously, thinking of buying some more at these prices.
  3. Just my $.02

    Probably not a good idea quiet yet. Basically the tension of the Iranian situation may be diffused until the end of the month. What's the upside catalyst? Hurricanes would probably be the best but no storms on the horizon yet...
  4. The path of least resistance is still up for oil. The oil pullback trade has been working well for me.
  5. Decent time to buy. Support at 142.5
  6. Testing support. Let's see how it holds up...
  7. Just sold some nearby puts.
  8. The Jun 140?
  9. Don't listen to these guys. Oil prices are consolidating, we're in a bull market supported by huge demand and an ever growing market in china, india, and brazil.

    Hurrican season is coming... No doubt we'll hit 80/bbl by September.

    Very bullish (but careful) on oil.

  10. and the summer driving season. They are not shaking me out of my position. :)
    #10     Jun 7, 2006