Who is Oily? !!

[hajimow]

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

 

[shortie]

Quote from hajimow:

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

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.

 

[hajimow]

oil will hit $100 this week.
Ghadafi won't step down so there there is more push needed to take this SOB down.

 

[hajimow]

Quote from hajimow:

oil will hit $100 this week.
Ghadafi won't step down so there there is more push needed to take this SOB down.

I was right quicker than I thought. Just in a day.It hit $100.