Discussion in 'Stocks' started by shortie, Jul 24, 2008.
time to buy oil stocks and catch the bounce.
Im in DXO at the moment, sold my DUG and went into a little DIG as well. I think you can be somewhat bullish on oil and energy when cramer is saying oil is headed back to 110-120 area. Whenever he calls a direction go with the opposite.
I thing natty gas is attractive here, but just as the uptrend lasted what seemed forever, I don't think its especially realistic to think the countertrend won't take a long time as well. We're only about a week+ into this selloff.
Will find UNG an interesting buy under $40 until then just waiting.
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