Short Oil! Please! Short Squeze will only run up the price more.(Then again in the near term it might be a smart play because there is some speculation in the marker) But long term = long oil
the oil market *has* lost contact with reality...but timing its return is challenging (to say the least). If you are short, be prepared for a bumpy ride.....
Agreed. But given the risks along with minimal downside potential (well depending on who you talk to) is it really worth it? You could get caught in a $105 super spike thanks to small geopoltical events. Surely there are better, less risky short plays out there than crude. I been building up shares in Canadian energy companies for the last two years. I'm up over 170% in some of them plus 40% or so thanks to the appreciation of the canadian dollar. Long Oil has been good to me/.
long oil has saved many hedgies from having to liquidate large equities short positions ---- today they are partying. Oil ran and the market is breaking down --- double positive for them.