Energy Stocks Priced to Sell — Bargains Abound!
Posted April 21, 2008
"In the same way that people should sell into a short squeeze, they should take advantage of these bargain sales in order to get back into energy." – Horacio Marquez
by Horacio Marquez,editor, The Money Map Report
Baltimore — (TFN): The following was taken from the Money Morning video on TFN. Watch this video.
Energy has been on fire throughout this year and the last few years. It is no secret. Now energy has recently taken a very significant drop, especially energy stocks. While at the same time, the prices of oil, natural gas and other energy imports remain very strongly bid. Why has that decoupling occurred?
That decoupling has occurred because of forced deleveraging.
Rather just watch the financial video? Click here.
Highly leveraged players were forced to sell positions at prices that they would not have liked to just because they were overly leveraged and did not have the capital to sustain those positions.
In the same way that people should sell into a short squeeze, they should take advantage of these bargain sales in order to get back into energy.
While in The Money Map Report and the Money Map VIP Trader we have some very pointed recommendations, an easy way to play the energy game is to buy the energy ETF, (XLE:AMEX). Do not miss out on the energy ETF. Again the symbol is XLE.
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Profits Are Up 1,056.2% for This Wisconsin Company
Commodities are on a tear — and so is mining equipment. This “pick-and-shovel” company has already sold out two-thirds of its equipment for 2008. Australia, Canada and China are battling for orders. And the Street hasn’t figured it out yet. All the details are in our Power Plays Research Report: Read the full report here.
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