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Thursday, September 11th 2008

8:47 PM

Time For Profit Taking!

I have in the past predicted that despite the descent of the US  economy, it will be made to fluctuate as it fails.
So, it seems that oil has dropped in price. You remember what oil is, right? Yup, you got it, it is the stuff that there is less of as each day passes, but we need to have it to run our SUV's. And because we need that, the US government, bless their little hearts, have always adopted a nice short term strategy of pleasing the people for a few years at a a time.

So, the oil drops in price so that the big shot investors can buy the shares at a low price, ready for the next increase. After all, it was probably the same investors who started to sell their shares while high in order to put the oil price down, allowing more buying at the low price, and more profit taking when it goes right back up there.
Down 10% , and then up , say, 30%. then down again 10% once we are used to paying the higher price, so it can be jacked up again.
I would say that the next profit taking will take place within the next 2 months, after the next increase that will, of course, far exceed this current decrease..
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Sunday, September 14th 2008 @ 2:33 PM

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