Re: Good move or Bad move??
I thought the same thing and then after watching it continue to go up, bought some. My shortest term holding in 2004, yet my highest returning.
I would have the same reservations about buying it now. I think oil WILL go down...but not a lot and I think high oil prices are here to stay.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.