Gold! Gold! Black gold in California!

Posted on Feb 02, 2009 by WHC Bassetti in Letters

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?

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