lobsterboy

Forget $100 a Barrel - Oil Will Plummet to $30

lolol, I am long your USO and will sell it you higher after this tropical storm/hurricane turns oil higher..
Agreed, they shouldn't let this guy post anymore.

Options Trader: Monday Outlook

phil read the article about the Ruby on the APPLE. It's not true. It's a satire article by a incorrect web site

Options Trader: Friday Outlook

Energy conservation. Maybe.
Companies now small growing rapidly selling technology that basically makes all energy that is used more effective. Houses, office buildings automatically knowing when you leave or enter a room learning as time goes on.


On Aug 03 10:00 AM gigem77 wrote:

> So copper and oil need to fall, the dollar needs to recover over
> 75 and housing needs to bottom. Well, that reminds me of an old joke
> about a couple of cowboys crossing West Texas. One says, "all this
> country needs is some water and a few good men". The other responds,
> "that's all hell needs".
>
> Chinese oil imports just hit 8 million barrels per day. That year
> over year growth more than compensated for the drop in U.S. consumption.
> tinyurl.com/5wlpof
>
> Growth in population and in the middle classes of China and India
> will keep upward pressure on commodity prices.
>
> Bernanke cannot adopt the policies of Volcker without killing the
> banking system that he is trying to save. Ergo, the dollar is toast.
>
>
> The fact that a failed former fed chairman can still move the stock
> market is an indication of how speculative and fragile it has become.
>
>
> We pulled out of the recession of the 80's with massive new innovations
> in computers and communications. What's the basis for optimism this
> time? That's where I want to invest.
>

Holding Positions Over the Weekend: Debunking the Monday Myth?

Good idea with the article. I can tell you going long an option position can certainly be a unwise decision prior to monday. Not so much the position getting away from you but the decay of options. Sometimes its outright stealing.

On Short-Sellers and Dishonest Executives

Markham enjoyed the post and I understand your attempt at short selling vs. dishonest management.

I too think naked short selling is terrible and I worked a market where actually added to liquidity, however, I also seen naked shorting destroy companies. You have proven short sellers like Rocker funds who's research and clout with other shorts-hedge funds in the market team up on those stocks putting pressure that normally wouldn't exist because most people could get a locate to short a extremely "tight" stock.
I agree with glassbox the average investor doesn't know that their shares are being used in some cases against that. Of course you can always move those to cash and the brokerage cannot borrow them but in most cases those brokerages make a lot of money borrowing shares of those clients so it doesn't matter anyways.

Typically Prime brokers make large amounts on those "tight stocks" it is a daily rate that's computed internally on how hard they are to locate. I can tell you this, that revenue in this current environment is sorely needed.

lobster

Options Trader: Friday Outlook

Bschecker: blow up ? I to went long MER nov calls off the bad new still long was bot puts on BAC and WB as a hedge but they were strong so cover with a slight gain




On Aug 02 09:21 AM BSchecker wrote:

> After the week of adjusting GOOG and AAPL, really not alot going
> on.
> MER trade worked well as did BAC as I mentioned earlier in the week.
>
> ELN was an interesesting gamble so can't really find fault there.
> Mentioned in the post so no issues. Sept calls pretty much totally
> lost. But the 20 puts sold are going to be tough to recover from.
> Had another blow up yesyerday let's see if we learn about it on Monday.

The Market as a House of Cards

Bill interesting article thanks the prospective is refreshing but things will never change like you suggest. The struggle for money and power is to great for things to be fair. Notsosmart: I would agree with you as well but as far as the trading I think it depends what your looking for. If your not greedy it's possible to create weath that why.
One comment I do have is that fact that many on SA talk about all the terrilbe things that this FETV but they continue to watch or know all the people. Turn it off: that would be a start.

Uh Oh - If Grantham's Scared ...

WPdragon no actually I am neither in fact I do so enjoy mkts like this better to trade. What's predictable is the talking heads that come out of the wood work at the extremes. The only suggestion I would have for anyone is to remain nimble. If you have a core long position sell vol against or hedge it.

Options Trader: Friday Outlook

To: user 123632, that market emotions cycle is real or at least a emtional cycle like that you'll go through when you trade.
I've found that the more you have to lose the more extreme the peaks and valleys. Of course, if it's not your money(used to be a MM on the OTC) it takes larger positions to explore those emotions.

Phil,
I thought mkt action was interesting today most financials acted well. Possiblity that dow continues to churn upwords maybe testing the 200dma.

Uh Oh - If Grantham's Scared ...

Who are these people? It's so funny that when a tide shifts these guys that have been calling a top for years finally stick a flag in the hill and say "see I told you so". What a joke! Where do these nerds get the money.

Options Trader: Tuesday Outlook

I am also interested in the NYMEX contracts, how can they not decide to take delivery? Could you explain further? thx

Options Trader: Friday Outlook

Phil,
thanks for responding to me, I do appreciate it. I have read your update daily and do so enjoy the pictures you add to the articles. I guess more information is better and since I am not a member of your news letter I couldn't speak to the pics you make, but I do know this you have is some cases provided some thoughtful insight and for that I say thanks.
The reason I like this forum is just b/c it's not yahoo.
Thanks,
Lobster

The Dead Cat Returns to Earth

Just on the OFF TOPIC: I would say most people have healthcare or just those folks that can't actually pay for it. Those ssame people that end up in the ER to have a band-aid taken off. (true story-my neighbor is a ER doc and couldn't beleive the person, almost threw them out the door) The people who actually pay for it get screwed.

Back on TOpic: I can never tell what Cramer is actually talking about he's been wrong so many times about individuals stocks its hard to listen to him when it comes to politicial policy. This market I think will test lows again once oil goes up.

Options Trader: Friday Outlook

phil, might be a good time to either reply to this or stop posting. I have read your posts and I do find some of those things you say insightful or interesting. However, if your just using this website to get more clients service your no better than the people you put down everyday. And you'll have to live with that.

Today's Payrolls Number - How Bad Will It Be?

The thing I would point out would be the last hour market drop. You'll hear it was related to oil or the holiday weekend but I would suggest that again the number that is to be released tomorrow is known by a few. I have no proof but with the way they were hitting some of these stocks that's the feeling I got.