Speaking of black gold — that black stuff that drives the world crazy — we think the time has come to exit the short side of OIL. In fact we would buy a little of it. We remarked some time back that it was a short and readers who took the hint should have made a barrel full. Whereas it was overbought before it is oversold now. Don’t blame us if this doesn’t work out. .300 is a hell of a good batting average with the hard ball. How do they do that in cricket? Do they have batting averages? And if not, why not?
- Post author:WHC Bassetti
- Post published:February 2, 2009
- Post category:Letters
- Post comments:0 Comments