Sheherazade

Options Trader: Tuesday Outlook

I too have followed him from his free web site to here. It was his "screaming" about oil and specific puts on Exxon and others that made me my first big options win as oil went down over 30% after his pointing out it was too high in the fall of 2006. Since that time, I have followed his strategy of focus puts at times when oil runs up too fast and that has also been very profitable.

I suppose it's all in how you read it because I took it to heart that $140 would never hold after he published the article that $200 oil was not possible in this economy and I'm happy to say that this has been the best week of my trading career through simple USO puts following the same strategy.

Does oil have to go back to $60 for him to be right or do we now see Congress investigating all the things Mr. Davis has been "screaming" about as driving up the price of oil for 2 years? As Junkyarddog says, "Phil's fundamental's are right on!" I'm not here to be his defender but I do see his articles on MarketWatch, Yahoo and Google regularly and he seems to have quite a following as well as, obviously, his subscriber site, which I can now afford, thanks to his tips. I just wanted to say it's very easy to tear down and it seems to be the pleasure of people who make comments here to the detriment of the community. If they really had something of value to say, there is an invitation to contribute to Seeking Alpha on every page so perhaps they would be willing to share their own wisdom, rather than just act like wise asses.