WAOW !, page-3

A-N,

Don't fall for any of the talk. This is what I said 3 days ago and that is all that is still in play at the moment IMO. The only factor driving the price up at the moment is desperate market manipulation by the US.

"Ok I'll try and break it down from a broader market point of view. The US is dealing with a market correction which could turn into a crash or a deep bear market if they lose control of the market sentiment. They have backed themselves into a bit of a corner because they have run out of levers to pull. The central bankers know that more talk of raising interest rates could destabilise the already volatile market at the moment. They also know if the price of oil falls further they risk blowing up spreads in the oil junk bond market which could spill over into the broader high yield market and become a trigger for a crash. There is no sub-prime this time around but the packaging of junk bonds up in derivative markets is a powder keg that must be kept away from open flames. The US through their futures markets and banks can still control commodity prices for a little while and this is one of the last resort levers that they have. Like stopping a car with the hand brake when the other brakes fail. A bounce in US markets tonight is critical to restore confidence and the market makers will insure that we see a bounce in oil in my opinion."

The oil price rise is desperation on the part of the US. They can't let the shale oil junk bond bubble fall over as it risks spilling through into the rest of their huge high yield bond market and then through to their equities markets. Cue bond melt down then GFC style 2. So absolutely predictable its not funny.

I'm buying extra DLS for a quick trade or two and will hold the shares I bought 3 days ago until we see this beach merger through.

Eshmun