Dont be so thin skinned Davey...get over it. Its not a personal attack. follow the money Davey. Follow the big players and youll be fine. You seem to be the only one ive read that still is convinced that this was a supply and demand issue this year. You can drag all the metrics you want. Funny GS was calling for 200/B in july and now its 45. Its about the trade!! They make money on the way up and on the way down. Much of the markets these days will mini bubbles. This is the "CNBC nation" we live in. Instant info panders to traders,hedgies. The big money owns the little money.Rotation makes money. Nothing personal davie
"Depression-like global financial crisis to humble the energy bull, not the deflation of a speculative mania"............huh?... Dude your delusional. Id start doing some homework i were you. You havent learned follow the greed and the hedgies? wow.
well said all. where is GS everyday predicting 200/b ? Its all about the trade boys and girls. Thats how wallstreet makes money. Convince you it was demand on the way up and of course a lack there of on the way down. Its BS.. no way has demand fluctuated like the price this year. One idea i have floated around in a way to prevent yourselves from getting screwed by wall street again. ....I like the poster above did the DTO thing on 7/11. nice ride. One thing ive done the opposite of DTO is loading up on DXO. little by little. That if wall street decides its time to jam it up mainstreet's giggy again. im covered! Its an insurance policy i may never use. so be it. Ideas welcome!
Energy Investing: Scenarios for a Turnaround [View article]
why even play with the contracts? Im just building a position in DXO. Someday when the hedgies decide its time to turn the aircraft carrier around i dont want to get it up the you know what like they did to everyone in the summer. Funny CNBC doesnt air what GS thinks about oil anymore on a daily basis like they did. Its all a joke. If you all still think oil has a way to go down try DTO but i think youll agree thats a bit of a dangerous game now.
Energy Investing: Scenarios for a Turnaround [View article]
its either "on" or "off" because thats how traders make money. You can break this down all you want. It was spec on the way up and its spec on the way down. You cant in a million years tell me that a price fluctuation that oil has had just this year has anything to do about demand. You all want to find the roots of the oil price this year? Follow the hedgies and that will be a start.
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Talking about 250 oil is so journalistically irresponible it makes my head spin. So. If that were to happen. .Who else you think your gonna bail out? Airlines, Detroit. list goes. In a perfect world we would have people writing stupid blogs like this for their own agenda. Havent we finally firgured out by now that 147.50 was speculation. Please . Yea maybe the dollar but not demand. Everything we read these days on the net is about someones personal agenda. Pickens is screaming 150 plus. Why? His fund is RUMORED to be close to 1b in the red. Goldman used to give us the daily opinoin on what they thought back in june. Aaaah we know why now dont we boys and girls. Mr. Gerald. How bout disclosing what you own. (Bet your long DXO or something like that). Then ill make an evaluation on how credible this crap i just read is. ....For now. See ya at 70!!
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