Maybe the bottom is near for BP plc (ADR) (Public, NYSE:BP), Transocean LTD (Public, NYSE:RIG), Diamond Offshore Drilling, Inc. (Public, NYSE:DO) and other oil services stocks. Speculators cannot wait that long to buy back these stocks. So probably they will sell off a bit more for a couple of sessions and then they will form a trading bottom and begin to move back up. That`s the way the market works
källa oil traders blog
tisdag 1 juni 2010
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