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Old 10-22-2008, 05:56 AM
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johndjmix1 johndjmix1 is offline
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johndjmix1 is off the scale
Default Re: Yay, gas prices dropping.

I, and im sure im not the only one, predicted that that gas prices would dive when they were at $4 plus......

Any one else do well short selling or with stock options on oil/gas stocks?

Dam, i love it when im right =).

And for my future prediction.....

All the speculation that drove the market up is not going to have as big of an effect anymore. Not knowing exactly how it all happened, but it seems to me that the 'speculators' have said to themselves 'cut the crap, were not going for that BS about hurricanes and foreign policy changes any more'.....that crap isnt going to make us buy and make oil $150/barrel. We learned our lesson.

From this point on I think it will take VERY major events to jack gas back up....

Just my prediction. Everyone said i was wrong back when i predicted it to crash this winter. And look at it now.

btw I have a $1,000 to $100 bet with a friend that im going to win if it goes below $2 in NY. Dam I need that $1,000.

--John
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