9/11/2008

How Low Will Crude Oil Go?

I don't know.

However since this is the question on every one's mind I thought I would ask.

Maybe you can tell me?

As a intra day crude oil trader I don't really care.

As a oil and gas company stock holder I do care.

I only hold one direct producer, EnCana, which I do not intend on selling, and I am looking hard a purchasing another one, Canadian Oil Sands Trust.

It's always hard to buy when everyone else is selling, however a few wise folks tell me that is the key to making money in the stock market.

However those wise folk's cousins tell me never try to catch a falling knife.

I'll continue to mull it over while I wait for you to tell me how low crude will go.

http://www.cos-trust.com/
http://www.encana.com/

This daily chart pic was taken at 11:00 am MST, so far today crude has a low of $100.19.




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