Monday, August 18, 2008
Oil Rebound? Commodity market bottom? What's been fueling our fledgling rally is not quite a mystery but will it all end when we see oil tick to the upside? There are soo many different oppinions out there who knows whats right. Cramer is taking a bearish side of some of the more popular energy plays like CHK and RIG. Why ? Because he lost us lots of money, that's why. He said to buy Rig at 140(now 125) He said it was the year of natural gas(15% decline across the board). Anyone who has lost money feels bad but when your oppinion looses other people money you tend to feel worse. I guess thats why he recomends selling these names today. If listening to Cramer looses me money I wonder if betting against him will make me some "Mad Money?" I'm confused.
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