Friday, May 23, 2008

a move and a future move

oil's gone parabolic, in my opinion, so i think the price per barrel comes down...eventually. however, even though i think oil comes down - which will eventually benefit the consumer - i think certain areas of retail are hurting; and will hurt more even if gasoline comes down .50 a gallon. the one i'm targeting is shld: in an earlier post i wrote that shld may be an enticing long at 80 or so. i've changed my thinking: i think it's an enticing short to about 60; then i'd look at it as a long.

and at the risk of being slightly premature, i'm seriously looking at establishing energy-related shorts via a long position in dug and a short in oih.

long shld puts

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