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There will probably be a short retreat back to $50-55.  Buy futures then.  Given what OPEC has said, their floor is $48.  If you saw $53, the risk would be somewhat less than right now, and even a spike into the low $60's would be extremely valuable.

Do you feel lucky, punk?

Happy little moron, lucky little man. I wish I was a moron, my God, perhaps I am! -- Spike Milligan

by polecat on Tue Jun 21st, 2005 at 06:31:54 AM EST
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