Who is Oily? !!

Discussion in 'Stocks' started by hajimow, Feb 21, 2011.

  1. Oil is up almost 10%. There is unrest in almost 10 countries. 10% more increase on gas prices will put a good dent on shaky GDP. Big companies also will not be able to function in coutries like Libya. Good reasons for a substantial correction
  2. yes, it is a good reason.

    we had similarly good reason with Mubarak. maybe the second time is the charm....

    i remember XLE did not sell much during Egypt news and made new highs the next day. its reaction on Tuesday may be important.
  3. oil will hit $100 this week.
    Ghadafi won't step down so there there is more push needed to take this SOB down.
  4. I was right quicker than I thought. Just in a day.It hit $100.