You Tool (Vol 1)

There was much ado yesterday about the price of oil rising above $100 per barrel for the first time EVAR. Well, now that the hub-bub has died down, and people have pulled their heads out of their respective asses and looked around, it turns out that 1 guy paid >$100/barrel, just to be special. Yup ... he took a $600 loss (bought @ $100, sold @ about $99.40 x 1000 barrel minimum trade) just to be the winner who shot the price above that magical century point. It was all done with his own money, for his own benefit. Weak.

Source: the Daily Mail

No comments: