Home › Forums › Financial Markets/Economics › One word: OIL
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January 2, 2009 at 10:47 PM #323476January 2, 2009 at 10:52 PM #322983KIBUParticipant
stockstradr,
My only great regret was that I didn’t fill up my gas tanks last week and gas price seems to go up again. Otherwise, all else being equal for me :)))
January 2, 2009 at 10:52 PM #323324KIBUParticipantstockstradr,
My only great regret was that I didn’t fill up my gas tanks last week and gas price seems to go up again. Otherwise, all else being equal for me :)))
January 2, 2009 at 10:52 PM #323385KIBUParticipantstockstradr,
My only great regret was that I didn’t fill up my gas tanks last week and gas price seems to go up again. Otherwise, all else being equal for me :)))
January 2, 2009 at 10:52 PM #323401KIBUParticipantstockstradr,
My only great regret was that I didn’t fill up my gas tanks last week and gas price seems to go up again. Otherwise, all else being equal for me :)))
January 2, 2009 at 10:52 PM #323481KIBUParticipantstockstradr,
My only great regret was that I didn’t fill up my gas tanks last week and gas price seems to go up again. Otherwise, all else being equal for me :)))
January 5, 2009 at 8:33 PM #324496stockstradrParticipantI cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.
Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.
One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.
My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.
I can pick ’em. My timing is often great. But I sell too early.
January 5, 2009 at 8:33 PM #324833stockstradrParticipantI cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.
Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.
One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.
My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.
I can pick ’em. My timing is often great. But I sell too early.
January 5, 2009 at 8:33 PM #324902stockstradrParticipantI cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.
Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.
One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.
My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.
I can pick ’em. My timing is often great. But I sell too early.
January 5, 2009 at 8:33 PM #324918stockstradrParticipantI cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.
Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.
One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.
My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.
I can pick ’em. My timing is often great. But I sell too early.
January 5, 2009 at 8:33 PM #325000stockstradrParticipantI cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.
Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.
One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.
My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.
I can pick ’em. My timing is often great. But I sell too early.
January 11, 2009 at 8:28 PM #327123paramountParticipant60 Minutes on the Oil Fiasco
60 minutes had an EXCELLENT investigation on the fluctuation in oil prices, I’ll try to summarize:
1. As stocks began to fall in early 2008, investors moved money into commodities, much of that oil.
2. There was way more money in the oil markets than there was actual oil!
3. Early in 2008, according to the US Gov’t oil supplies were increasing while demand was going down.
Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.
One of the largest oil investors was CalPERS – so now California gov’t workers will not only take down California, they want to take down the entire country!
They also connected much of that speculation all the way back to Enron (who lobbied hard for commodity market deregulation).
Why is oil cheaper now? According to 60 minutes, one big reason is that congress was threatening increased oil market regulation.
January 11, 2009 at 8:28 PM #327459paramountParticipant60 Minutes on the Oil Fiasco
60 minutes had an EXCELLENT investigation on the fluctuation in oil prices, I’ll try to summarize:
1. As stocks began to fall in early 2008, investors moved money into commodities, much of that oil.
2. There was way more money in the oil markets than there was actual oil!
3. Early in 2008, according to the US Gov’t oil supplies were increasing while demand was going down.
Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.
One of the largest oil investors was CalPERS – so now California gov’t workers will not only take down California, they want to take down the entire country!
They also connected much of that speculation all the way back to Enron (who lobbied hard for commodity market deregulation).
Why is oil cheaper now? According to 60 minutes, one big reason is that congress was threatening increased oil market regulation.
January 11, 2009 at 8:28 PM #327531paramountParticipant60 Minutes on the Oil Fiasco
60 minutes had an EXCELLENT investigation on the fluctuation in oil prices, I’ll try to summarize:
1. As stocks began to fall in early 2008, investors moved money into commodities, much of that oil.
2. There was way more money in the oil markets than there was actual oil!
3. Early in 2008, according to the US Gov’t oil supplies were increasing while demand was going down.
Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.
One of the largest oil investors was CalPERS – so now California gov’t workers will not only take down California, they want to take down the entire country!
They also connected much of that speculation all the way back to Enron (who lobbied hard for commodity market deregulation).
Why is oil cheaper now? According to 60 minutes, one big reason is that congress was threatening increased oil market regulation.
January 11, 2009 at 8:28 PM #327553paramountParticipant60 Minutes on the Oil Fiasco
60 minutes had an EXCELLENT investigation on the fluctuation in oil prices, I’ll try to summarize:
1. As stocks began to fall in early 2008, investors moved money into commodities, much of that oil.
2. There was way more money in the oil markets than there was actual oil!
3. Early in 2008, according to the US Gov’t oil supplies were increasing while demand was going down.
Bottom line: We were paying $4.50 per gallon due to nothing more than speculators and investors.
One of the largest oil investors was CalPERS – so now California gov’t workers will not only take down California, they want to take down the entire country!
They also connected much of that speculation all the way back to Enron (who lobbied hard for commodity market deregulation).
Why is oil cheaper now? According to 60 minutes, one big reason is that congress was threatening increased oil market regulation.
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