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The trend is your friend and the trend is up for oil. The cure for the high price of oil will, ultimately, be the high price of oil. With the oil bull charging, who knows just how high this run will end? 130? 150? 200?
Mar 12 14:52 pm
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All Comments by bmf trend »Goldman's $200 Oil Call and the Hurricane Premium Theory [View article]
What people seem to forget is when the trend changes and turns down, who knows just how low the price will fall? Enjoy the bull run while it lasts, just don't be a overly bullish the higher the price gets. Once the trend reverses and starts to come down, there will be a flight to the exits and you will want to be in front of the crowd BEFORE they head to the exits.