contender

Options Trader: Wednesday Outlook

Oh by the way - the other major complaint of people trying to emulate your portfolios was that all of the moves on the spreadsheets were /not/ published at all.

Hey dont get me wrong - maybe since then you have put mechanisms into place for people to track your moves in real time (how do you actively buy and sell options on 40 or 50 positions in real time and keep it straight anyway?). Maybe now they can emulate your moves and everyone is making 300% per month !! woohoo !!

No wonder the market is tanking - Phils stock world is winning all the trades !

Please Phil... ur a smart guy - but get real.

Options Trader: Wednesday Outlook

Phil - Yeah ok - but whether GS are a buncha thieving manipulators who dont know the industry is moot when you consider that their clueless call was what brought BA to its knees. In that case its not truth that matters, its a jittery investor who listens to the market 'master' (manipulator). The bottom line is that it wasnt the tanker contract that dropped em from 80 to 65.

Geez dude at this rate you should be running the world by now.

I know.. ur doing it for the people... cuz you care.

Options Trader: Wednesday Outlook

Oh - so as not to confuse anyone, I think oil should be around $85 -- but Ill settle for $110 if I have to.

Options Trader: Wednesday Outlook

Phil Ive always liked your writing style, but never found you credible due to your claims of outsized gains in your trading portfolios. In many cases your market calls are on the mark, but NOT when you start involving your political agenda.

Oh - and Boeing didnt tumble due to the tanker deal loss -- they tumbled due to GS saying they could lose 30% of their aircraft orders due to the economic downturn.

Options Trader: Friday Outlook

Oil needs to come down. Oil will come down.

I dont much understand why prices have to skyrocket so so much more than demand. Im sorry but pricing for suspicion of future supply/demand problems doesnt get it for me. This stuff should be priced at a supply/demand rate that looks out only a fairly short time - pricing ih oil armagedon is not useful nor truthful at this point.

With the supply situation right now, /at least/ the front-month contracts should be around 95 /at most/ -- and I prefer $65 as closer to the truth for the front-month.

If hording is going on then perhaps there is truth in some of the what... 40% rise in oil in the last year, but Ill believe hording is going on if you can tell me theres been a marked increase in barrels actually being delivered.

Im glad we hit the breaking point. Congress crying, drivers staying home so they can afford to buy nice compact 36mpg vehicles with their cash (since no one will give em a loan)... it all means that oil is about to recede -- and if its true to its nature itll recede with a BANG as all the crooks get out of the trade to bring oil back down before the cops step in so they can play the game again sometime.

I think this time will be a little different in that when it does stabilize lower the dips will be bought pretty agressively, so it may not languish long as the second-strikers get their chance to get in.

Im tempted to play oil short -- Jack be nimble...