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: 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.
>

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.

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.