Thursday, March 17, 2005

3/17 oil break new high

The market is extremely weak and the sky high oil price is the pressure. Oil is up to 57.5

Review of SINA:
The momentum at the close of yesteday didn't last to today. The price is pretty much manipulated.

Missed TOY. The news that it will be acquired is out before market, and the price is around 25.4. If act quick, buy Mar 25 calls, easy to get 50% return.

copied from my comment on 3/3 at goofiz:

oil is long term bull now. fundamental changed. 现在是上升第三浪嘛. 不过60怎对得起人?

Update:

Just 5 minutes after oil broke new high, it sharp dropped to 56.6.

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