Benefiting from the Oil Correction - Calvin Oh

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Benefiting from the Oil Correction
Jul 21, 2008 10:19 AM UTC

Calvin Oh

Return	Risk
-31.87%	LOW

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
HOC		07/21/08	-14.41%	--
TSO		07/21/08	-26.95%	--
VLO		07/21/08	-55.18%	--
SUN		07/21/08	-33.23%	--

Via Long Investment Ideas from Seeking Alpha:

We advised caution in the oil markets on July 2nd, 2008. We are seeing the correction now. For targets I have $80-$100 as the low. The correction should continue through the end of this year.

When we originally wrote this article, my partner Sergey got a lot of negative commentary on some boards, which made us pretty confident about our analysis. The majority of the public is always wrong near the peaks and valleys. The public sentiment is probably one of the best trading indicators around.

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