Stock Pick by Zack Aronson

OIL: 79 BY MONDAY AFTERNOON

Start trading OIL with real money!

Rate Analysis

9 ratings

Posted 651 days ago on 6/06/08

Market call:OIL will go DOWN
Target: $79.00 on 7/06/08
Current: $25.89 (-68.90% from time of market call)
Close: $82.46 (-0.96%)
on 6/11/08

I increased by short exposure to oil by shorting USO another oil ETF. This cannot be sustained, maybe long term, but short term oil prices will retreat.

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