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.
Wednesday, August 13, 2008
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