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Posts by "ragingbear"

2 Posts by Anonymous "ragingbear":
RagingBear
United States
Posted Anonymously
15 years ago
Aug 20, 2009 2:05
Just wanted to say thanks to Ashraf for tremendously valuable insights, sometimes contrarian but always enlightening.

How much of an impact on the recent oil runup do you see the start of the hurricane season in the Atlantic making? My hunch is that there's at least a small amount of correlation between worries about supply levels and the crazy price action in crude lately.
RagingBear
United States
Posted Anonymously
15 years ago
Aug 18, 2009 23:29
Excellent oil shorting opportunity today IMHO - this is primarily a hurricane driven spike. But Bill is not even projected to get anywhere near the refineries in the Gulf of Mexico, so once the storm passes expect a steep drop.