An Oil Tip from the Best Trader We Know
Jun 5th, 2008 | By Brian Hunt | Category: Oil Investment & Alternative EnergyFor most of 2008, oil refiners have led the race for the world’s worst investment. Refiners have crumpled under the soaring price of crude oil, their biggest cost. Most refiner stocks are down over 50% in the past six months.
This beaten-up environment is where our colleague Jeff Clark tends to make an absolute fortune trading “rebounds.” On May 12, Jeff told S&A Short Report readers the refiners were due for a bounce and recommended a leveraged trade on Tesoro, one of America’s largest refiners. His readers closed out half the position for 36% gains in less than a month.
If oil continues to decline from its extended levels, expect more gains from Tesoro and the rest of the refinery gang. Also, expect Jeff’s readers to make a ton of money with the best trader we know. Click here to learn more about a limited-time offer to get the S&A Short Report… before the price of Jeff’s in-demand advice is set to double.
Source: An Oil Tip from the Best Trader We Know
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