Wednesday, August 13, 2008

If you still hold short position in Exxon and Crude

Guyz ,

The day I suggested to take a short (Sell) position in Exxon, it peaked out.
You could have gained 18% (3 mnths)
As for Crude Oil the return is 8.5% (3 mnths)

This implies that once you understand the right ways, Stock market Investing can be profitable even in the most difficult times.

It is advisable to book your profits.
Since Oil has already seen a correction of about $ 33.
Though it can very well go below $100, betting against oil may be very risky.

Tuesday, May 20, 2008

Exxon Mobil overvalued

www.stockcharts.com

its not recession its inflation that can cause disaster!!!

Recessions are generally considered healthy but inflation can be a disaster to the economy. US govt has to take some immediate steps to control inflation.
There is a lot of speculation in the commodity market right now, I expect it to correct itself or will not be surprised to see some action by the govt. to control the commodity speculation.
Atleast there will be some hints from the govt, something like they feel they need to raise interest rates to control inflation.
My call: There is a high probability that at least the Oil bubble is about to burst.