re: re:smell that oil the drill tick tick tick
It's the end of the spike and will drop and hold at around 9 I suspect.
Oil futures just dropped SHARPLY based on the US announcement that they have 2 x as much as they thought they had in reserves, this and the rising interest rates have hit the resources sector across the board.
I bought DLS at 6.3 and sold up to 9, shoulda sold up at 12 but hey, thats the breaks
Now only holding Norwest waiting for the spud at magnolia
DLS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held