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Post by The Goose on Sept 9, 2008 14:38:59 GMT -5
If oil is down tomorrow morning, I would take some more profits. We are very close to 100/barrel. Should be strong support there.
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Post by The Goose on Sept 15, 2008 8:42:05 GMT -5
This is it, if you haven't taken any profits in shorting oil, take some now!! Down huge! Don't be a pig. I have taken profits before and now I'm taking more today. I'll keep some to see if it goes to 80/barrel. Congrats shorts!
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Post by The Goose on Sept 18, 2008 9:30:12 GMT -5
Oil climbed back to over $100/barrel today. See? Glad you took profits?
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Post by The Goose on Sept 18, 2008 10:32:01 GMT -5
Oh yeah, now that it's back up, you can get in to short it some more.
Refineries have been down in Texas so tankers are sitting there with oil but nowhere to put it. (Something Jim Cramer said, and I agree) Economy is still slowing down. Even if the refineries were working at 100%, many people got slammed by hurricanes and floods. Not many people driving around. Oil inventory has got to be huge next week.
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Post by The Goose on Sept 22, 2008 13:26:32 GMT -5
Oil at over $109!!! I told you to take profits!!!!!!!!! Don't be greedy.
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Post by The Goose on Sept 26, 2008 12:24:30 GMT -5
Economy is slowing. No two ways about it. Anytime oil pops up, I would short it somehow. it was below $100/barrel when I said to sell and then the next day it went lower and I said to sell more. After that it popped back up. Then I said you could "short it some more". Now headed back down.
Strategy: Short it...wait for a good day when it drops big time and take profits...then wait until a pop up to short it some more. Both candidates preaching other sources other than dependence on foreign oil. Headed lower. Price at pump still too high. Slowing economy world wide.
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Post by The Goose on Sept 26, 2008 13:10:15 GMT -5
Oh yeah, now that it's back up, you can get in to short it some more. Refineries have been down in Texas so tankers are sitting there with oil but nowhere to put it. (Something Jim Cramer said, and I agree) Economy is still slowing down. Even if the refineries were working at 100%, many people got slammed by hurricanes and floods. Not many people driving around. Oil inventory has got to be huge next week. US gasoline demand plummets after Ike - MasterCard www.reuters.com/article/marketsNews/idINN2339171320080923?rpc=44See???
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Post by The Goose on Sept 30, 2008 13:04:06 GMT -5
Economy is slowing. No two ways about it. Anytime oil pops up, I would short it somehow. it was below $100/barrel when I said to sell and then the next day it went lower and I said to sell more. After that it popped back up. Then I said you could "short it some more". Now headed back down. Strategy: Short it...wait for a good day when it drops big time and take profits...then wait until a pop up to short it some more. Both candidates preaching other sources other than dependence on foreign oil. Headed lower. Price at pump still too high. Slowing economy world wide. Well yesterday was certainly a good day to take profits. What a big drop. Low volume today over at USO. Not enough buyers. Oil could pop up once they sign the bill (which I'm sure they will next time). Then I would short the crap out of oil again. Good luck all.
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Post by The Goose on Oct 7, 2008 14:17:03 GMT -5
Economy is slowing. No two ways about it. Anytime oil pops up, I would short it somehow. it was below $100/barrel when I said to sell and then the next day it went lower and I said to sell more. After that it popped back up. Then I said you could "short it some more". Now headed back down. Strategy: Short it...wait for a good day when it drops big time and take profits...then wait until a pop up to short it some more. Both candidates preaching other sources other than dependence on foreign oil. Headed lower. Price at pump still too high. Slowing economy world wide. Well yesterday was certainly a good day to take profits. What a big drop. Low volume today over at USO. Not enough buyers. Oil could pop up once they sign the bill (which I'm sure they will next time). Then I would short the crap out of oil again. Good luck all. Sure enough I was right. After they passed the bill, the market tanked. I said every time oil drops big time, cover your puts /shorts. Then every time oil pops up, short it or buy puts. I still think that you should follow this method. I will stop it once oil falls into the low 80s. Then I will look for gains elsewhere.
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Post by The Goose on Oct 10, 2008 11:20:15 GMT -5
Horray! Oil dipped below 80 before bouncing back. Sold this morning. The speculation is out of the oil prices now. We still need to price in a recession. I say it goes to the 60s. Not much left to short.
Someone on CNBC said oil going to $40. They always overshoot. Just like when they said oil was going to 190 or 200 before the end of the year. So I think it will stop going down around the 60s.
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Post by The Goose on Oct 23, 2008 15:46:13 GMT -5
Horray! Oil dipped below 80 before bouncing back. Sold this morning. The speculation is out of the oil prices now. We still need to price in a recession. I say it goes to the 60s. Not much left to short. Someone on CNBC said oil going to $40. They always overshoot. Just like when they said oil was going to 190 or 200 before the end of the year. So I think it will stop going down around the 60s. See? Hit the 60s this week. After it jumps up when OPEC announces production cuts, I will short it. I expect it to re-test the lows if it is going to bottom. Oil already jumped up earlier this week on news that OPEC will cut. So the news is priced in. (today it was up too). I suspect this to be the "buy on the rumors, sell on the news" situation. Yes, one more time into the well for me.
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Post by The Goose on Oct 23, 2008 15:47:52 GMT -5
Refineries have been down in Texas so tankers are sitting there with oil but nowhere to put it. (Something Jim Cramer said, and I agree) Economy is still slowing down. Heard on CNBC last night the same thing. Some idiot told that tankers are just sitting there with tons of oil and no where to put it. Bearish statement.
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