Sell all your oil investment gains Monday

[JD50]

Originally posted by: Skoorb

Originally posted by: JD50

Originally posted by: conehead433
Sound just like that dumbass Cramer telling everyone to sell when the market is almost at it's bottom. Just wish I had tons of money right now to pour into the market.

You should take a look at the date on the OP, and see what the price of oil was at that time.

Yeah he was literally a mere three weeks early. I was pretty sure oil was going to bust, but I wasn't sure when. Over the many months it had been ballistically insane, I'd say that three weeks early is extremely close to calling it. The top was 147 but only for a very short period of time. To have sold at 130 or more was pretty close to perfect.

Yea, I started "paper shorting" USO when it was at $92 per share, it closed at $53 per share today...too bad I didn't have any extra cash back then...

 

[ericlp]

Originally posted by: LegendKiller

Originally posted by: ericlp

Originally posted by: LegendKiller

Originally posted by: Aimster
oil is not going to drop

Want to put a friendly wager on that?

I bet you a million bucks. Oil is going to drop. National city just got swallowed up stocks and dollar is gonna fall through the floor.

Anyone thinks that is is over is a bit foolish. I bet bush is biting at the bit to sting up another 'stimulus package' as I type this.

Oil fallows the dollar. Goes up oil goes up, goes down, oil goes down and it will go down. I predict oil will stable out at 1.80 - 1.50 a gallon.

Wow, with profound and eloquent text such as "fallow", how can we but "fallow" your prognostications?

Dollar "fall through the floor"? What's your rationale there?

Sheesh, thanks for pointing out some of my grammar mistakes, but well, you just are that...

A mistake that already happened.

Oh, yeah, National City America's #5 in the USA just folded. So, the dollar is real strong yeah? Jeeeeeee you dweeb, get real!

Stock market just lost another 3XX points. Yeah, the dollar is looking REAL good! Oil is at it's lowest in YEARS... and all you want to do is point out a few mistakes?

Get back to us when you can admit your just trolling and you seriously have no clue what's going on.

I use to give you some credit but now you have Zero in my book... Your probably voting for McCain too.

 

[LegendKiller]

Originally posted by: ericlp

Originally posted by: LegendKiller

Originally posted by: ericlp

Originally posted by: LegendKiller

Originally posted by: Aimster
oil is not going to drop

Want to put a friendly wager on that?

I bet you a million bucks. Oil is going to drop. National city just got swallowed up stocks and dollar is gonna fall through the floor.

Anyone thinks that is is over is a bit foolish. I bet bush is biting at the bit to sting up another 'stimulus package' as I type this.

Oil fallows the dollar. Goes up oil goes up, goes down, oil goes down and it will go down. I predict oil will stable out at 1.80 - 1.50 a gallon.

Wow, with profound and eloquent text such as "fallow", how can we but "fallow" your prognostications?

Dollar "fall through the floor"? What's your rationale there?

Sheesh, thanks for pointing out some of my grammar mistakes, but well, you just are that...

A mistake that already happened.

Oh, yeah, National City America's #5 in the USA just folded. So, the dollar is real strong yeah? Jeeeeeee you dweeb, get real!

Stock market just lost another 3XX points. Yeah, the dollar is looking REAL good! Oil is at it's lowest in YEARS... and all you want to do is point out a few mistakes?

Get back to us when you can admit your just trolling and you seriously have no clue what's going on.

I use to give you some credit but now you have Zero in my book... Your probably voting for McCain too.

If you're going to try and convince people of something, it's useful to at least understand english.

So fucking what if NCC folded? What does that have anything to do, at all, with the dollar? What about the stock market for that matter? What does it have to do with the dollar?

For fucks sake, if you're even going to try and convince us you know anything about economics and finance you could at least draw conclusions to valid correlations.

So what about oil? It isn't at its lowest in "years", it's barely at its low for a year. Oil is dropping, for a huge part, because the dollar is far stronger than it was. Another part is demand destruction. A final part is because it was too high to begin with. Any rational person can understand that OPEC is shooting themselves in the dick by trying to prop up the price above $50. Why? Because many alternative technologies, given time and investment, are viable at $50. Long-term they're destroying their market.

Wow, so suddenly I'm voting for McCain because you haven't the slightest clue what you're talking about?

Let me guess, you're voting for the CEO of Snap-On because you're such a tool?