Friday, July 11, 2008

What GE gives Oil/FRE/FNM takes it away .....

GE ER was in line with a beat on Sales.....

Oil running out of control again......

Oil @ all-time high on words that Israeli Air force will take another peak @ Iranian nuke facilities......The question IS

What will happen if Iranian fire a missile on Israeli Plane...$200 Oil????

FRE & FNM are losing most of their value again today......

Markets are all set to take 52 week lows.....

This IS all part of bottoming process in a Bear market.....

It Ain't over till its OVER......

Position yourself in quality stocks with "limited exposure"

Always maintain your OWN comfort level.

BLOG does NOT give buy or sell.

Saleem

4 comments:

standardshigh said...

Hi Saleem,

Where will oil peak? At $75 a barrel in Oct and now near $150. Wow! Like standing on the edge of a big drop coming. We saw this back in the 70's. When it dropped, it dropped hard. Many small oils went belly up. Dallas Houston were a ghost towns for years. Is it different this time?

madmax said...

SALEEM

Here is a cool AAPL video
http://www.reuters.com//news/video?videoId=86235&src=vidAd1

I can only hope that we close green today
That would make 3 up days in the last seven (7) a nice bottom would be in, IMHO!

My PQ is balsting again up another 6% get nat gas it is on a tare!!

Stocks100 said...

Hi Standards,

No....it is never different....

Oil will tank BIG TIME.....

I shorted oil today through Canadain ETF which is a bear on NYMEX crude HOD.TO

Saleem

madmax said...

I do so much hope that your play works out for you on oils

I thinking that IRAn may yet get bombed by Isreal.. look out oil prices if it does.
these are troubling times my friends!
Lets hope Congress acts soon with some relief bills
M