04
Jan
2009
Posted by The Mad Ape as Experiments, Investing, Mad Ape Rants, Religion Meets Science, Scams
You have kicked the New Year off with a bang. Killing each other and in the process killing innocent men, women, and children. Good for you guys. You are making the world proud of you.
Your BS is putting money in my pocket. You see when I bought my shares of DXO at $2.29 per share, I never dreamed that you guys would be doing battle and the speculators would drive up the price (currently at $3.15)…but drive it they did.
I purchased this stock knowing that OPEC was going to drastically cut supply to drive the price up. The effect from that has only been negligible thus far. You guys are the main force behind this latest spike. So while I could cash in on this at the opening bell tomorrow, I will wait for when OPEC starts its price fixing scam to really cash in. Besides with Israel invading Gaza overnight the price is sure to jump even more on Monday.
I feel a bit dirty profiting from this little war but I am not the one pulling the trigger and me buying this stock has nothing to do with it. I am not showing support for either side in the conflict. So I will just take a shower, knowing that when the cease fire is called that the price will dip.
Finally, I know that speculators look for any excuse to drive the price of oil up but for the life of me I do not see how this conflict should cause spikes in oil prices. Last time I checked neither Israel or Gaza are large oil producing nations. Neither side can affect the world supply. So I say WTF?
Technorati Tags: DXO price, DXO, Israel and Hamas conflict, oil prices rise, Israel, Hamas, Gaza, oil prices, OPEC
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