DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Oil and gasoline prices falling today due to SPR decision

**Bondjrno** · 06-23-2011, 06:39 PM

...... I cannot begin to explain to everyone the short positions (expecting even further oil value declines) I am seeing people put on the market for the next several months contracts this morning.

This is a perfect opportunity for a short squeeze, a highly inelastic commodity bid way up, put some downward pressure on the market, get a big block of shorts, and with any luck you could send oil limit down for a week.

06-23-2011, 06:39 PM	#13
Bondjrno Join Date Oct 2005 Posts 354 Senior Member	...... I cannot begin to explain to everyone the short positions (expecting even further oil value declines) I am seeing people put on the market for the next several months contracts this morning. This is a perfect opportunity for a short squeeze, a highly inelastic commodity bid way up, put some downward pressure on the market, get a big block of shorts, and with any luck you could send oil limit down for a week.
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