quote:Originally posted by g-man:
just like how how oil is going to reach 80$?
reading and blindly believing goldman feels intellectually lazy to me =)
Perhaps we should discuss the NKTR that you were crowing about lol! $93 to $73 in a few short days. While VLE is up over 10%...hmmm.
I am not directly long oil as I mentioned. I am long some oil equities. They are
mostly down in the correction with everything else. I believe you will see some sector rotation once the S&P and Nasdaq finish their correction. That remains to be seen...
As for Goldman, I am always wary of their calls...I’ve been investing for a long time...but I do fundamental research on the oil markets and I believe you will see them tighter by the end of the year.