price movement easily explained, page-22

me to james,

I have been accumulating and bought last at 45, from memory, so I am full no more buying of anything, until I can see some change in sentiment and news/money flows.

I do think it is cheap, way cheap and will see much better days, but it is frustrating day after day, with no real reason other than fear.

oil will maybe get to 110, before we get some upswing back to 125. But longer term I would prefer to see oil in the 100 - 110 range and stable. CVN still would be well in the black at these prices.
Then economies would speed up, fed banks would change stance & analysts would swing back to bullish. So much negative media saturation & the bears are feeding it to a frenzy.

Steve