Sold out my oil above a $100. Bought it well and see the profit as a gift from the gods. No
big macro message here, just a desire on my part to capitalize on an unusual contra-seasonal
run up in the price. Oil stays on my ok to trade list. For more, scroll down to the 11/6 post
on oil. NYMEX Crude
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!