For Energy Traders

[wchutson1]

As indicated in yesterdays posting ... short-term pull back and a rally today.

Far too many international influences to allow US to remain with lower oil/energy pricing. Ecuador and Nigeria causing problems on exports and halting acitivities.

Two brokerages (Merrill & Sachs) up long and short term price targets.

If your short ... look out. If your long ... relax but stay alert.

8O

[wchutson1]

Let's not forget that today is Options Expiration Friday.

There will be heavy overall trading volume today.

8O

[deepinwonder]

I saw no reason to panic and take losses, which is probably what many people did. Just be cool and listen to the voice in your own head. :)

[Jay Framson]

<<I saw no reason to panic and take losses, which is probably what many <<people did.

Like me! :(

I'm still pretty new at this. Oh well .. I'm done with energy stocks for now .... But I have higher hopes for my Microsoft and Google shares. Booyah!

[axb8000]

I didn't feel the need to go into panic mode either. I've lost a nice chunk of profits from my oil holdings but I'm going to hold, the bounce back today helped.

[deepinwonder]

My father used to tell me that the biggest successes he knew, had the worst failures, to begin with. :)

If anyone is holding gas related stocks, Cato Institute was on Fox last night predicting high nat gas prices, this winter.

[deepinwonder]

Watching this sector every day is draining me of energy. It's too crazy, but we are still hanging in there, for now.

[deepinwonder]

I saw an article last night that the Chinese are going to start stockpiling oil starting Sept. 1. Don't know if it's true, but thought I'd pass it on, in case anyone wants to look into it further.