10.11.2006

MORE BOONE


So with Boone's $70 before $50 proclamation, is there a trade to be made. Well if anyone hadn't noticed, the OIH has seems to have bottomed in the 120/125 area and if crude goes back to the $70 area, any chance we get OIH back to the 140/150 area? My guess is yes and a stop at the recent lows looks appropriate. So a good risk to reward trade in my humble opinion.

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