$120+ Oil…

Posted on Thu 8th May, 2008 08:07:04 PM

I only have one question for you readers…

Are you a buyer up here?

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6 Responses

1

Llama Money - May 8th, 2008 at 9:13 pm

I expect oil to go far higher than it is today. In my mind there’s really no doubt. However, I haven’t yet put my money on the line, and I’m not sure that I will. Strange situation, I guess.
2

Matt - May 8th, 2008 at 10:27 pm

Although I believe oil is going higher, like llama I don’t have the nerve to pull the trigger and become an actual “buyer”.

Everyone flipped out at three dollars but demand didn’t change and now we near $4 and still demand hasn’t changed.
3

Matt - May 8th, 2008 at 10:28 pm

Just to add that especially with summer basically now here driving is only to continue to increase. The oil bull will continue to roar on .
4

thewild1 - May 8th, 2008 at 11:23 pm

We’ll see how it all foils out. I have been using HAL for a type of play, but the higher it all goes, the more scary it gets.
5

Airelon - May 9th, 2008 at 8:29 am

Am I a buyer here? No. I wouldn’t be surprised to see a pullback about now.

Do I think oil will be going higher still in the longer term? Yes. The fundamentals absolutely suck for cheap oil.
6

hawk - May 10th, 2008 at 3:11 pm

this is a no-brainer. Put ALL your money in oil, 50% in 2 months. Trust the good guys at Goldman and our OPEC friends! Oil going to 300 in a year.