View Full Version : Official Short-term Investments Thread
eljefe
01-20-2009, 01:20 PM
Originally posted by max_boost
Damn that's rough!
Yeah man, sometimes it's just luck. I wish I had more luck. But you also have to stick to your gut. I couldn't believe the spread today, $39.11 to $43.79 for oil and $25.20 to $32 for hod. That is insane!
Covering your shorts to close out the current month have THAT big of an affect on things? :nut:
I am out of HOD and HOU for now- I switched right away from oil for now. But man with the dow trading at its lowest and HOU starting to edge back up if the DOW lets loose HOU will go for a ride(albeit likely a short ride)
max_boost
01-20-2009, 01:29 PM
Fucking insane.
In the past hour, pulled off two quick trades for 1000 shares each time on HOD.
Bought in at $29, sold at $29.94
Bought in at $29, sold at $29.60 (limit) but it sold at $29.80 (market)!
Fluctuations is crazy!
:eek:
e36bmw///
01-20-2009, 01:37 PM
nm
eljefe
01-20-2009, 01:40 PM
Originally posted by max_boost
Fucking insane.
In the past hour, pulled off two quick trades for 1000 shares each time on HOD.
Bought in at $29, sold at $29.94
Bought in at $29, sold at $29.60 (limit) but it sold at $29.80 (market)!
Fluctuations is crazy!
:eek:
Nice job boost !
civic_rida
01-20-2009, 01:59 PM
im trying to pull off a maxboost but its not working :thumbsdow
civic_rida
01-20-2009, 02:13 PM
im gettin charged for each buy and sell. Even though i bought the stock more than once and sold it more than once.
max_boost
01-20-2009, 02:14 PM
I'm trying to pull it off a 3rd time right now. It got filled at $29.00 again and the sell limit is at $29.80. After this time I am done. This is way too hardcore for me and out of the norm.
I prefer the buy and hold method a lot more than day trading. :nut:
civic_rida
01-20-2009, 02:29 PM
i did it from 29.25 and sold at 29.75
max_boost
01-20-2009, 02:34 PM
Getting close to closing so I changed the sell from $29.80 to $29.55
Let's see if I can pull that off. Pretty good returns so far. Hoping for even more later this week :D
max_boost
01-20-2009, 02:53 PM
Made 3 flips today on HOD and cashed in for $2200.
Still holding the other 1000 shares I bought at $28.
Debating if I should go all in with the other $30K I used to make the 3 flips.
max_boost
01-20-2009, 02:56 PM
Ahh fuck it, put in a market order for the other 1000 shares. Kept the profits off the table.
2000 shares going forward. Stops set at $26. Let's see if I can recover from my HOU debacle!
DJ_NAV
01-20-2009, 03:02 PM
^lol. Same boat as you man. Except I finally pulled the trigger on HOU today... should have pulled it long time ago.
SilverRex
01-20-2009, 03:10 PM
"Crude Oil Monthly Chart Explained
The monthly chart is by far the most over looked chart, because it seems so far out of most people’s trading time frame, that they just don’t check to see what things look like from further distance. I will admit that is a boring chart to watch, as it moves as slow as molasses but it still provides excellent support and resistance levels, which we do not see on the weekly or daily chart. Currently the monthly chart of crude oil has pulled back to the 200 day moving average, which is generally a good place where buyers step in. Also to take that same price level and see that it’s also a long-term support level, really starts making things look better for a possible bounce"
http://goldseek.com/news/2009/1-20cv/1crudeoiltradingJan19.jpg
max_boost
01-20-2009, 03:22 PM
The banking situation is going to trigger another mass sell off on the markets. Oil is going nowhere but down. I'm sure it might have temporary spikes here and there but it has no legs to stand on. Sorry I disagree with you SilverRex. I'm not analyzing things from a technical standpoint because I don't have that knowledge, just simply based on the news that's coming out. Things just aren't stable right now.
civic_rida
01-20-2009, 03:33 PM
Wont hod be trading with the march spot price tomorrow?
max_boost
01-20-2009, 03:37 PM
Geesh do you guys read what I write?! hahaha
HOD has been trading the March price since Jan 15th (last Thursday!) lol
max_boost
01-20-2009, 03:47 PM
Today was the last day of the February futures contracts. It's the 3rd business day prior to the 25th. Since the 25th landed on a Sunday, you go back to the last business day which is the 23rd/Friday. Count back 3 days and you end up on Tuesday (today).
As for HOU/HOD, it starts switching over to the near month effective the 7th/8th/9th business day at the beginning of the month.
So on the
7th business day Jan 12th, it was following 75% of the Feb contract and 25% of the Mar contract.
8th business day Jan 13th, it was following 50% of the Feb contract and 50% of the Mar contract.
9th business day Jan 14th, it was following 25% of the Feb contract and 75% of the Mar contract.
10th business day Jan 15, it is now following 100% of the Mar contract.
We will trade the Mar contract until the 7th/8th/9th business day of February and then it'll roll over to the April contract.
You have to understand this, in addition to terms contango and backwardation.
Right now we are in a contango situation. Future months are higher than current months. Investors buy oil and find a place to store it and sell it later in the year when futures price is higher.
Now that's all I know. :D
civic_rida
01-20-2009, 03:49 PM
I understand that but just didnt know what tomorrow was about. I just remember it had some kind of significance.
max_boost
01-20-2009, 03:50 PM
Yeah today is expiry, tomorrow is rollover.
What else is significant? Tomorrow oil will drop below $40 :thumbsup:
broken_legs
01-20-2009, 04:26 PM
http://www.bloomberg.com/apps/news?pid=20601109&sid=aTv4IsA.Y7t8&refer=home
broken_legs
01-20-2009, 05:33 PM
hahah
Cramer is doing a show on technicals right now.
He says Marathon oil is going to go higher soon because it trades with oil. He thinks oil is going higher because its doing an obvious double bottom.
e36bmw///
01-20-2009, 06:28 PM
nm
e36bmw///
01-20-2009, 06:33 PM
nm
max_boost
01-20-2009, 07:18 PM
There will be no 1933 rally.
There will be no 75% spike on the DJIA
Let's be realistic. Nothing has changed. Oil is going to drop and HOU is going to drop. The DOW and TSX are going to drop into the 6XXX range. There will be flashes of wannabe rallies based on hope and then reality will set back in.
This is a global economic crisis, everyone's going to fucked over.
Yes I'm the Big Bad Bear of the Good Investments thread.
e36bmw///
01-20-2009, 07:33 PM
nm
broken_legs
01-20-2009, 08:00 PM
Originally posted by max_boost
There will be no 1933 rally.
There will be no 75% spike on the DJIA
Let's be realistic. Nothing has changed. Oil is going to drop and HOU is going to drop. The DOW and TSX are going to drop into the 6XXX range. There will be flashes of wannabe rallies based on hope and then reality will set back in.
This is a global economic crisis, everyone's going to fucked over.
Yes I'm the Big Bad Bear of the Good Investments thread.
The most vicious rallies ever recorded happened during Bear Markets, I hope you have your stops set :)
e36bmw///
01-20-2009, 08:03 PM
nm
max_boost
01-20-2009, 08:24 PM
Originally posted by broken_legs
The most vicious rallies ever recorded happened during Bear Markets, I hope you have your stops set :)
You know I'm all over the stops.
Originally posted by e36bmw///
k lol
by stops, do you guys mean sell stops??
aka stop limit? ive never actually used that feature before. So does that mean [stop limit] price or better? doesnt the limit order to it?
Yep.
Sell on stop.
The limit price must be equal or lower than the stop price.
Example.
HOD closes at $29.75
You set a stop for $27.00 and a limit for $26.00
That means if HOD drops to $27.00, it tells the brokerage to sell your order at $26.00 or better. $26.00 is the lowest price you are willing to accept.
It can also be a total piss off too. Look at today, my stop got triggered at $27, but it bounced back and I had to buy back in at $28! Luckily I had a good day today and made the money back but you aren't always that lucky. Look at Z_Fan. Dude had a rough one today.
e36bmw///
01-20-2009, 08:29 PM
nm
max_boost
01-20-2009, 08:46 PM
You know I'm calling :bullshit: on any kind of oil rally. I don't care how vicious the rally is or if the DJIA will crack 9000, it's only delaying the inevitable! Obama better tell people to lower their expectations of him or else he's going to be a victim of his own hype! :devil:
e36bmw///
01-20-2009, 10:18 PM
nm
Z_Fan
01-20-2009, 10:52 PM
Well I have to hope like hell it rallies since I got fucked on HOU today with that stop loss failing to sell. It's gotta go up to 8.32 just for me to break even now. :banghead:
So I'm all for a rally. A rally is a rally. All rallies are real. :D
max_boost
01-21-2009, 02:23 AM
Oil futures slightly down. World markets are down. Inventory report on Thursday. Just a lot of negative news coming out.
Well, I canceled my stops and put in a sell for 2000 shares at $33.50
Hoping for a crazy morning drop and maybe get back in later in the day if it recovers. Going to sleep now. Hope for the best.
I'll post this now before anyone calls BS. You guys can laugh at me when oil rises tomorrow or praise me for being gutsy when oil drops.
LOL
eljefe
01-21-2009, 05:28 AM
Originally posted by max_boost
Oil futures slightly down. World markets are down. Inventory report on Thursday. Just a lot of negative news coming out.
Well, I canceled my stops and put in a sell for 2000 shares at $33.50
Hoping for a crazy morning drop and maybe get back in later in the day if it recovers. Going to sleep now. Hope for the best.
LOL
March contract up .65 to 41.49 but still 3 hours before the TSX opens, anything can happen.....world markets still down
Edit Update
With 90 minutes to open at the TSX, oil has now inched up to plus .77 at $41.61 no big changes in the last hour and a half. Dow , Nasdaq and S&P futures all point higher when the markets open at 9:30
SilverRex
01-21-2009, 07:35 AM
Originally posted by max_boost
There will be no 1933 rally.
There will be no 75% spike on the DJIA
Let's be realistic. Nothing has changed. Oil is going to drop and HOU is going to drop. The DOW and TSX are going to drop into the 6XXX range. There will be flashes of wannabe rallies based on hope and then reality will set back in.
This is a global economic crisis, everyone's going to fucked over.
Yes I'm the Big Bad Bear of the Good Investments thread.
just remember, market usually rebounds before the economy does and vice versa.
when you waited till the outlook of the economy to fully recover, stocks and all trades alike will have already made a great dash.
anywys so let see how things look today. while the trend is down for oil I only look at things technically, and yes since oil price did trade down to low 30s in dec and jan, everyone's mentality would believe how different would it be this time? well if one is to examine the lower level charts, oil is currently at 41.64 as I write this, its in no mans land, if oil price were to dip below 41 and hold below this would be quite bearish and price can swoon to 37. But if oil price can remain above 41 for much of the day and the key point is to close continously above 42 and even break above 43, then this will be bullish since there looks like a reverse head and shoulder pattern formed on the 1 hour chart because price tested
40.20, 39 and 40.20 again.
and daily chart shows a double bottom, while the weekly chart shows a bullish hammer. And if someone recall the chart I posted yesterday, it appears from the monthly angle, anything below 40 will spark alot of buying, and for long traders, there will be alot of long position opened with price below 40, most will zoom down to lower level charts and wait for an entry point setup.
I wont be surprised if the monthly chart is any indication of a support around 40, then price will not sustain below it for more than a month. its one of those other the support at 40 is huge or we are looking at 20-25.
In conclusion, the high level chart tells me its bullish I would say 37 is our support with the upside to 49. pending how the fight around 41 goes, we will know very soon.
gold is again experiencing some struggle with anything close or above 860. While its nice if it can just ride to the moon, I completely wanted it to get back down to 800 and my target at 770 remains. If it does, I'm not joking, I will be loading up the boat both spot, bullion and some stock.
future looking up today. under 8000 is again one of those either its going to hold or this is the beginning of the crash to 4000.
broken_legs
01-21-2009, 08:00 AM
Look at the pre-market on XLF... its up 4%
Financials led the way down and will lead the bounce back on better than expected earnings from a couple banks today
Tim Geitner is getting sworn in today and will talk about what his plans are for the tarp money... He will be arguing for "Substantial government backing of the financial system"
eljefe
01-21-2009, 08:17 AM
Originally posted by broken_legs
Look at the pre-market on XLF... its up 4%
Financials led the way down and will lead the bounce back on better than expected earnings from a couple banks today
Tim Geitner is getting sworn in today and will talk about what his plans are for the tarp money... He will be arguing for "Substantial government backing of the financial system"
I jumped out of commodities yesterday to pick up financials at the end of the day, hoping that the slide was near the bottom. I picked up a thousand shares in BMO close to the day low. Fingers crossed on it...should be some upward pressure soon as the EX Dividend day is Feb 4. Oil is starting slip back a little now but is still in positive territory, hard call on which way it breaks today. Futures are up for NA trading and Europe is coming back up off of session lows moving closer to positive territory.
e36bmw///
01-21-2009, 08:28 AM
nm
broken_legs
01-21-2009, 08:32 AM
haha.... annnnnnnnnnnd there goes oil
"TO THE MOON!"
eljefe
01-21-2009, 08:34 AM
Financials up, oil up, tech up....hell everything is up- for now
eljefe
01-21-2009, 08:41 AM
Rut Roh ! Financials down , oil slipping ...backpedalling now
e36bmw///
01-21-2009, 08:47 AM
nm
SilverRex
01-21-2009, 09:18 AM
^
like I said until it can sustain below 41 for a while, its bullish
max_boost
01-21-2009, 09:22 AM
Energy and Equities are tied as one now.
We all know Team Obama is coming out with some sort of rescue plan and that will rally the markets. Just the speculation adds fuel to the fire. I'm telling you guys, get out while you can because this rally is going to lose its steam very soon.
The Energy Department is scheduled to release its weekly petroleum inventory report tomorrow at 11 a.m.
Damn rights. :thumbsup:
bigbadboss101
01-21-2009, 09:29 AM
You suspect oil to go lower in the short term?
How about gold?
max_boost
01-21-2009, 09:37 AM
SilverRex is the Gold Bull.
I'm the Oil Bear.
I suspect Oil will go a lot lower in the short term. This is the month we see $30 man! Tomorrow's inventory report should be good to bring it down to a low of $36 due to large inventories. Storage capacity at Cushing is the near the max. Storage in general is near the max. With the contango of the past couple months, everyone has been buying up oil like crazy. Like I said, a short mini-rally based on hope that Team Obama will save the markets and tomorrow is reality check. Americans don't need oil. There's a huge massive oversupply. Even if OPEC cuts, there are tankers in the sea waiting to dump their oil on to the markets; enough to fuel the World for a day!
e36bmw///
01-21-2009, 09:47 AM
nm
DJ_NAV
01-21-2009, 10:08 AM
I bought more hod and hgd...raking in now
civic_rida
01-21-2009, 11:05 AM
i bought more hod.
eljefe
01-21-2009, 11:55 AM
Crude is putting up one hell of a fight at keeping above 41 for the most part
DJ_NAV
01-21-2009, 12:05 PM
anyone buying more hod?
dj_honda
01-21-2009, 12:12 PM
i bought yesterday @ 29...
if it hits 27 im out and will wait.
theres that old saying "what everyone knows is not worth knowing".....i think everyone expected it to drop to converge with the feb contract, like last time...not the feb contract to make up so much ground in one day and the march stay where it was :dunno:
eljefe
01-21-2009, 12:12 PM
Originally posted by DJ_NAV
anyone buying more hod?
If you are a believer that its gonna crash now is the time, the beast called oil is making a run at 43 bucks just now
civic_rida
01-21-2009, 12:20 PM
oil is strong today
e36bmw///
01-21-2009, 12:20 PM
nm
civic_rida
01-21-2009, 12:21 PM
why do some of my orders say "part filled"?
max_boost
01-21-2009, 12:22 PM
It's not going to survive the inventory count tomorrow. It's a dead cat bounce. Watch for it! :whipped:
max_boost
01-21-2009, 12:23 PM
Originally posted by civic_rida
why do some of my orders say "part filled"? They are trying to fill the rest. Don't worry, it'll only charge you one trading fee.
civic_rida
01-21-2009, 12:24 PM
Got out of hou :) at 8.25
bigbadboss101
01-21-2009, 12:26 PM
Buy more then of HOD. I am tempted.
dj_honda
01-21-2009, 12:26 PM
im out for now...cut my losses at 7% lol took away the money i made on hou yesterday :banghead: overall im still up as i got in on hod when it was 19.80 the first time around so i cant be dissapointed. i'll get back in as it goes down...
:(
eljefe
01-21-2009, 12:28 PM
same here, I couldn't contain myself when it hit mid 7's(HOU) earlier - I popped in for a couple thousand and right back out before it hit 8.30 was a quick 1200 bucks.....now if only my BMO would move damnit!
civic_rida
01-21-2009, 12:32 PM
hod is gettin killed
eljefe
01-21-2009, 12:36 PM
Originally posted by civic_rida
hod is gettin killed
Its come back a wee bit now but I still couldn't make the jump in when I got out of HOU at 8.23 - HOD was at Mid 26's at the time but if this Oil Bull keeps smashing around today it could go way lower. Maybe a quick in and out but....
e36bmw///
01-21-2009, 01:24 PM
nm
DJ_NAV
01-21-2009, 01:25 PM
:banghead: :banghead: :banghead: just switched from hou to hod yesterday!!
eljefe
01-21-2009, 01:27 PM
Oil just hit another high for the day...it's still going
SilverRex
01-21-2009, 01:38 PM
come on oil break above 43 for good, then nothing holds it back until 45-46
unless someone knows something about tomorrow? people placing their bets now? or the price at 40 from a long term picture is enough to ignite positional buyers.
eljefe
01-21-2009, 01:43 PM
Originally posted by SilverRex
come on oil break above 43 for good, then nothing holds it back until 45-46
unless someone knows something about tomorrow? people placing their bets now? or the price at 40 from a long term picture is enough to ignite positional buyers.
Oh that may not be a problem... Oil is now closer to 44 than it is to 43 - I think 43 plus close is in the cards today
SilverRex
01-21-2009, 01:52 PM
^
44 will be another fight, only if it can move above 44 then I am convinced we will see 49 within days.
like I said before, the monthly chart is screaming long on positional long term traders. the weekly chart has formed a bullish hammer and MACD is about to cross over.
the daily chart shows a double bottom and now we have a bullish trend line formed from 33 dollars to 41 dollars.
I think it can hit 49 and completely reverse, and pending where the trendline will be at I'll exit high and buy low.
of course assuming a bullish trend has started.
but if it suddenly collasp because of the news tomorrow. then I will buy some at around 37 dollars.
I've read some article that it is very difficult for oil to go lower amid you need a even stronger US dollar.
I'm just convinced anything below 40 will spark some sort of heavy buying, the only question is when and where the rally begins.
max_boost
01-21-2009, 01:54 PM
OMFG
This whole rally is such :bullshit: :rofl:
I know you guys are profiting hard off this, especially eljefe and SilverRex.
That inventory count can't come soon enough. I wish I can just FFWD to tomorrow and watch the DJIA and TSX down 300pts!
If the inventory report comes back with no supply increases, I am going to shoot myself.
:banghead: :facepalm: :rofl:
dj_honda
01-21-2009, 01:57 PM
i don't know how much trust you can put in "analysts" but they say an expected increase of 1.9 mill
http://www.msnbc.msn.com/id/12400801/
edit: i'm gonna guess that unless its a lot higher than that, the report might not have too much impact on the price...
thoughts?
DarthHonda
01-21-2009, 02:04 PM
Originally posted by max_boost
OMFG
This whole rally is such :bullshit: :rofl:
I know you guys are profiting hard off this, especially eljefe and SilverRex.
That inventory count can't come soon enough. I wish I can just FFWD to tomorrow and watch the DJIA and TSX down 300pts!
If the inventory report comes back with no supply increases, I am going to shoot myself.
:banghead: :facepalm: :rofl:
It's human nature to be optimistic, our brains are hard-wired to find positives even when times are tough, that's why you saw 2 million people cheering on Obama yesterday.
Being a bear is always more risky than being a Bull in any kind of market.
I thought I got pwn'd for good yesterday when I rode HOU all the way up then bought last at 8.56, just got out at 8.60 like 15 minutes ago.
I hope you can get out of HOD tomorrow too, but it looks like you may have to wait til March expiry to fully recover if you bought yesterday :dunno:
SilverRex
01-21-2009, 02:04 PM
^
just when everyone thinkd oil is making a huge recovery going from 35 dollars to 50, it collaspes, so too (there is a chance) the same thing can happen while everyone thinks oil is going to go lower, nop, it goes up instead.
I am no crystal ball but I play everything technically. charts dont lie, while there are non believers, hence what cause the move up today?
the reverse head and shoulder I mention around 6:30 am this morning indeed gave away what was about to take place.
with the bullish signals on the higher level chart, it would be wise to only look for buy signals in the smaller charts.
and to my knowledge 40 oil would hold and it did
:D
also didnt I mention that oil somehow rallies around towards the end of the month for the last few months? now thats a pattern I would pay attention to.
eljefe
01-21-2009, 02:05 PM
Originally posted by dj_honda
i don't know how much trust you can put in "analysts" but they say an expected increase of 1.9 mill
http://www.msnbc.msn.com/id/12400801/
edit: i'm gonna guess that unless its a lot higher than that, the report might not have too much impact on the price...
thoughts?
The markets expect that tomorrow- what really changes things is if the increase is a lot more or a lot less than the consensus in the market place. If the increase is what analysts predict and expect don't look for it to move oil down very much.
eljefe
01-21-2009, 02:13 PM
Another thing to consider that may keep this oil rally moving forward is that if the DOW continues or holds the gains that have occured since NYMEX Crude closed this afternoon- oil may have pressure to move up. More so, I would almost bet if this Rally holds for the next 45 minutes (S&P DOW and Nasdaq are up 3%) the Asian markets, and the European markets will catch fire over night and the overnight price of oil will continue to hold or even rise.
max_boost
01-21-2009, 02:20 PM
Good points all but Obama didn't walk into the job and fix everything today! You just wait!
Now where are all those banks who are falling but are still in hiding? Where are all those negative quarterly earnings?
This rally won't last! It has no legs to stand on!
eljefe
01-21-2009, 02:28 PM
Originally posted by max_boost
Good points all but Obama didn't walk into the job and fix everything today! You just wait!
Now where are all those banks who are falling but are still in hiding? Where are all those negative quarterly earnings?
This rally won't last! It has no legs to stand on!
Well as long as one of those banks who are failing isn't BMO !! I bought heavy into that yesterday and watched it drop all morning- It is finally up a buck and I'd like to see that trend continue.
I hope for your sake and the others who just rode HOD down the elevator today you get a bump and a floor to get out on if oil does truly trend upward now. I know I sure hate taking losses, I lost a good chunk on COS this week. But you gotta spend it to make it and we can't expect to get it right all the time. I know I just hope for most the time :)
broken_legs
01-21-2009, 02:36 PM
Trend has been broken
DJ_NAV
01-21-2009, 02:41 PM
^What trend?
SilverRex
01-21-2009, 02:49 PM
I can say it broken the trend line at 43 and if anything short term wise, the best case is it can dip back to 43 for a retest of that break before moving higher.
otherwise let see how much leg this oil rally has
broken_legs
01-21-2009, 02:51 PM
Originally posted by SilverRex
I can say it broken the trend line at 43 and if anything short term wise, the best case is it can dip back to 43 for a retest of that break before moving higher.
I just bought HOD to sell tomorrow morning for that reason. I think it will come back down a bit.
I'm looking for a 2.5% retracement in oil tomorrow morning or at the open. I just bought some HOD at 25.04 and I have a sell order in for tomorrow at 26.25
Thats the moment when I jump back into HOU in a meaningful way and ride it until oil tests 50 again.
civic_rida
01-21-2009, 03:11 PM
Oh man i cant believe i lost that much money on hod today. Didnt sell but im down tons. Hopefully inventory levels will be high. Not gonna be able to sleep tonight
civic_rida
01-21-2009, 03:26 PM
What was the reason for oil going up so much?
broken_legs
01-21-2009, 03:34 PM
Originally posted by civic_rida
What was the reason for oil going up so much?
Rally in the financials that led the market due to Barrack Obama and Tim Geithners comments today. That was the catalyst anyways. Technically oil looked like it was going to make a move.
Originally posted by broken_legs
OH
Remember last month when the contract expired and oil sold off big time???
Thats going to be the peak on HOD and your buying opportunity on HOU.
Thank me later.
Originally posted by max_boost
I remember that. It didn't work though. LOL
Did you get stopped out today Max_Boost?
SilverRex
01-21-2009, 03:40 PM
I'm going to hold till 49 and possibly pick up some HOD for 49 back to 45.
broken_legs
01-21-2009, 03:41 PM
Originally posted by DJ_NAV
^What trend?
http://i274.photobucket.com/albums/jj259/broken_legs/March_oil.jpg
civic_rida
01-21-2009, 03:52 PM
so whats everyones predictions for tomorrow?
DJ_NAV
01-21-2009, 04:00 PM
After a big gain (279 pts on DOW) I would expect something like at least -200 pts tmw. Banks went up like crazy today. BAC up 30%, GS up like 18%... for no reason really.
max_boost
01-21-2009, 04:00 PM
Originally posted by civic_rida
Oh man i cant believe i lost that much money on hod today. Didnt sell but im down tons. Hopefully inventory levels will be high. Not gonna be able to sleep tonight
Dude, it's just money man. :whocares:
You can always make it back. When you gamble, you can only bet what you are willing to lose!
Take the good with the bad!
Originally posted by broken_legs
Rally in the financials that led the market due to Barrack Obama and Tim Geithners comments today. That was the catalyst anyways. Technically oil looked like it was going to make a move.
Did you get stopped out today Max_Boost?
Everyone knew those comments were coming. Why they had such a huge effect I really don't know. If mere comments can drive it up so much, just wait until they unveil the actual stimulus, that's going to drive things to the moon.
Like I said, I'm still calling :bullshit: on this rally, you know it!
I canceled my stops because I didn't want to get bounced around like yesterday but guess what? Today it kept dropping. I thought things would settle in the afternoon (thought wrong obviously). I can only monitor so much because I actually have to serve tables and work :rofl: in between watching the news and posting here.
The plan is simple, if the inventory numbers don't look good and oil keeps going up, I'm switching out of HOD and back to HOU for the short term and riding it up. For the past couple months it's tried to test 50 twice so it might do that again. Then immediately back to HOD.
Z_Fan
01-21-2009, 04:03 PM
I sold my HOU today, getting out at even, and then of course the fucking thing kept going. Can't win.
max_boost
01-21-2009, 04:03 PM
Originally posted by civic_rida
so whats everyones predictions for tomorrow?
Ideally I want to see huge inventory numbers. That will send shock waves across the markets. Oil down at least $3-4.
Dow + TSX both down 300pts wiping out today's rally. Back to reality folks!
:thumbsup:
max_boost
01-21-2009, 04:06 PM
Originally posted by Z_Fan
I sold my HOU today, getting out at even, and then of course the fucking thing kept going. Can't win.
I KNOW!
:rofl:
Yet I don't know why I keep jumping back in. I keep taking these breaks, saving money and only to come back and lose it all again. :rofl: :eek:
bigbadboss101
01-21-2009, 04:09 PM
My wish for this week:
- Oil reverse, $35 HOD
- Someone buyout Oilexco, $4 a share
- Date with this sporty gal I met this past weekend
If all comes true it would be miracle. I would take 1 out of 3.
:bigpimp:
bigbadboss101
01-21-2009, 04:11 PM
Originally posted by max_boost
I actually have to serve tables and work :rofl: in between watching the news and posting here.
You are a server? You have lot of $ in the stock market and drive very nice cars! Get me a job there :-) !
civic_rida
01-21-2009, 04:13 PM
CLICK THE LINK LOL
http://ichart.finance.yahoo.com/z?s=HOU.TO&t=5d&q=l&l=off&z=m&c=HOD.TO&a=v&p=s
broken_legs
01-21-2009, 04:22 PM
This is my prediction on oil for the next 2 weeks:
http://i274.photobucket.com/albums/jj259/broken_legs/March_oil_3.jpg
OR THis:
http://i274.photobucket.com/albums/jj259/broken_legs/March_oil_4.jpg
I will be selling HOD when we go back to the trend line, and buying more HOU for a third retest of the 50-55 dollar level:
http://i274.photobucket.com/albums/jj259/broken_legs/March_oil2.jpg
max_boost
01-21-2009, 04:26 PM
Originally posted by bigbadboss101
You are a server? You have lot of $ in the stock market and drive very nice cars! Get me a job there :-) !
I run my own show so it doesn't really count lol
Originally posted by broken_legs
This is my prediction on oil for the next 2 weeks:
http://i274.photobucket.com/albums/jj259/broken_legs/March_oil_3.jpg
I will be selling HOD when we go back to the trend line, and buying more HOU for a third retest of the 50-55 dollar level:
http://i274.photobucket.com/albums/jj259/broken_legs/March_oil2.jpg
Hey broken, I must have missed the $30 line? :devil:
wiggaplz
01-21-2009, 09:40 PM
haha I love this thread....simply everyone trying to time the oil prices and predict bottoms.
Mr_John
01-21-2009, 09:44 PM
Anyone looking at HEU?
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