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  • neobliviscar
    Now that we have oil below $90 (and even an olive oil glut), whats is the prob of a major production cut announcement soon? Bottom buy here?
    5/30/12
    Reply (9)
    • Bob de'Long: Proabability = close to zero. This has to so with Saudi/Israeli/US/EU war against Iran. They are flooding the market and will continue...
      5/30/12
    • neobliviscar: Mortimer, Gentleman's Bet? ~Randall Duke
      5/30/12
    • Mercy Jimenez: Neo hard call; but heard from 3rd "expert" in last 24 hrs that crude goes well below $80 before see a bottom http://yhoo.it/KWsFL7
      5/30/12
    • John R. Conway: I love Oil going down, but generally this is a sign of a weakening economy for US and abroad
      5/30/12
    • neobliviscar: MJ, I saw that too. I put variables on the table and thought about them. Sell puts at strike 5% lower and hope to be long in two weeks? Or.
      5/30/12
    • neobliviscar: ..end up richer the premium at what equals a 29.25% annual yield per year for the risk of 2.5 weeks. Then roll to covered calls if long.
      5/30/12
    • Mercy Jimenez: Elegant play potential Neo; I don't play options or covered calls; learned I'm best+have most fun buying/selling what I want- when I want...
      5/30/12
    • Mercy Jimenez: PLUS hate capping upside or playing on margin; I know -- I know -- sounds quaint - but know the game I enjoy playing.
      5/30/12
    • neobliviscar: SA is largely 4 my ROTH plays. Similar to your rules. Not suppose to discuss Fund stuff here, but ahem.. *cough* it happens tokidoki.
      5/30/12