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Chris Scoreboard Johnston
ParticipantHLS
What about my question I posed a page or so back to you? I also shot you an email on it.
ParticipantHLS
What about my question I posed a page or so back to you? I also shot you an email on it.
ParticipantHLS
What about my question I posed a page or so back to you? I also shot you an email on it.
ParticipantHLS
What about my question I posed a page or so back to you? I also shot you an email on it.
ParticipantI assume that this trading is being done in accounts with no access to futures because that is the best route to do this. ETF’s obviously are next and then the third would be XOM. It is one of the most undervalued stocks in the Dow fundamentally and has held up on a relative strength basis much better than the price of crude itself. If the price were to rebound, XOM should continue to outperform the commodity itself.
I don’t understand this whole idea of the 2 X leverage routes that many people who are inexperienced seem to take. This doubles your risk, and they are also very illiquid the fills are terrible. Make sure if you play these sucker vehicles that you take the extra risk into account with your overall portfolio risk. I have been on record in here calling for $30 Oil and I still have not seen anything that makes me think we won’t reach that level, we were 33 and change earlier this am. We may not stop at 30, there are still billions of dollars of losing positions in hedge funds that have to be unwound. The dollar found major support yesterday at the .618 retracement to the years low which is why we have seen that huge rebound the last 2 days. I sent Rich an email telling him we should hold there 2 days ago. Alot of pros watch and play at these levels. We could really launch upward in the dollar from here, I am looking for a long entry pattern there right now. I have not found a causal relationship between crude and the dollar in my research. As a result I don’t think analysis of the dollar should play a role in whether you are bullish or bearish on Oil.
ParticipantI assume that this trading is being done in accounts with no access to futures because that is the best route to do this. ETF’s obviously are next and then the third would be XOM. It is one of the most undervalued stocks in the Dow fundamentally and has held up on a relative strength basis much better than the price of crude itself. If the price were to rebound, XOM should continue to outperform the commodity itself.
I don’t understand this whole idea of the 2 X leverage routes that many people who are inexperienced seem to take. This doubles your risk, and they are also very illiquid the fills are terrible. Make sure if you play these sucker vehicles that you take the extra risk into account with your overall portfolio risk. I have been on record in here calling for $30 Oil and I still have not seen anything that makes me think we won’t reach that level, we were 33 and change earlier this am. We may not stop at 30, there are still billions of dollars of losing positions in hedge funds that have to be unwound. The dollar found major support yesterday at the .618 retracement to the years low which is why we have seen that huge rebound the last 2 days. I sent Rich an email telling him we should hold there 2 days ago. Alot of pros watch and play at these levels. We could really launch upward in the dollar from here, I am looking for a long entry pattern there right now. I have not found a causal relationship between crude and the dollar in my research. As a result I don’t think analysis of the dollar should play a role in whether you are bullish or bearish on Oil.
ParticipantI assume that this trading is being done in accounts with no access to futures because that is the best route to do this. ETF’s obviously are next and then the third would be XOM. It is one of the most undervalued stocks in the Dow fundamentally and has held up on a relative strength basis much better than the price of crude itself. If the price were to rebound, XOM should continue to outperform the commodity itself.
I don’t understand this whole idea of the 2 X leverage routes that many people who are inexperienced seem to take. This doubles your risk, and they are also very illiquid the fills are terrible. Make sure if you play these sucker vehicles that you take the extra risk into account with your overall portfolio risk. I have been on record in here calling for $30 Oil and I still have not seen anything that makes me think we won’t reach that level, we were 33 and change earlier this am. We may not stop at 30, there are still billions of dollars of losing positions in hedge funds that have to be unwound. The dollar found major support yesterday at the .618 retracement to the years low which is why we have seen that huge rebound the last 2 days. I sent Rich an email telling him we should hold there 2 days ago. Alot of pros watch and play at these levels. We could really launch upward in the dollar from here, I am looking for a long entry pattern there right now. I have not found a causal relationship between crude and the dollar in my research. As a result I don’t think analysis of the dollar should play a role in whether you are bullish or bearish on Oil.
ParticipantI assume that this trading is being done in accounts with no access to futures because that is the best route to do this. ETF’s obviously are next and then the third would be XOM. It is one of the most undervalued stocks in the Dow fundamentally and has held up on a relative strength basis much better than the price of crude itself. If the price were to rebound, XOM should continue to outperform the commodity itself.
I don’t understand this whole idea of the 2 X leverage routes that many people who are inexperienced seem to take. This doubles your risk, and they are also very illiquid the fills are terrible. Make sure if you play these sucker vehicles that you take the extra risk into account with your overall portfolio risk. I have been on record in here calling for $30 Oil and I still have not seen anything that makes me think we won’t reach that level, we were 33 and change earlier this am. We may not stop at 30, there are still billions of dollars of losing positions in hedge funds that have to be unwound. The dollar found major support yesterday at the .618 retracement to the years low which is why we have seen that huge rebound the last 2 days. I sent Rich an email telling him we should hold there 2 days ago. Alot of pros watch and play at these levels. We could really launch upward in the dollar from here, I am looking for a long entry pattern there right now. I have not found a causal relationship between crude and the dollar in my research. As a result I don’t think analysis of the dollar should play a role in whether you are bullish or bearish on Oil.
ParticipantI assume that this trading is being done in accounts with no access to futures because that is the best route to do this. ETF’s obviously are next and then the third would be XOM. It is one of the most undervalued stocks in the Dow fundamentally and has held up on a relative strength basis much better than the price of crude itself. If the price were to rebound, XOM should continue to outperform the commodity itself.
I don’t understand this whole idea of the 2 X leverage routes that many people who are inexperienced seem to take. This doubles your risk, and they are also very illiquid the fills are terrible. Make sure if you play these sucker vehicles that you take the extra risk into account with your overall portfolio risk. I have been on record in here calling for $30 Oil and I still have not seen anything that makes me think we won’t reach that level, we were 33 and change earlier this am. We may not stop at 30, there are still billions of dollars of losing positions in hedge funds that have to be unwound. The dollar found major support yesterday at the .618 retracement to the years low which is why we have seen that huge rebound the last 2 days. I sent Rich an email telling him we should hold there 2 days ago. Alot of pros watch and play at these levels. We could really launch upward in the dollar from here, I am looking for a long entry pattern there right now. I have not found a causal relationship between crude and the dollar in my research. As a result I don’t think analysis of the dollar should play a role in whether you are bullish or bearish on Oil.
ParticipantHLS
Correct me on this because I may misunderstand this process and in no way represent myself to be in expert in loans.
It is my understanding that as a broker your fee goes into escrow and is paid out of escrow. If you chose to do so for whatever reason couldn’t you take say $3000 out of your fee that might be $8000 and put that towards covering costs to the borrower in the escrow? This would reduce your commission but would be a tool that could be used in making the borrowers loan a true no cost loan. A broker might make that decision for reasons, but mostly to do more volume and make a no cost loan truly that so that if the borrower shops rates they do not find lower ones that what the no cost they offer is? This would only be feasible in larger principal amounts but I do not see why this could not be done.
Maybe there are legalities as to why this cannot happen but I do not know of any? Please explain why this could not be done, it would make no cost loans not higher rates and would make them truly what they are represented to be. The drawback is that it reduces the amount of money the mortgage broker makes, but it might increase volume.
Thanks in advance, I am not in the mkt for a loan at the moment but might be in a year or so and would like to understand this fully.
ParticipantHLS
Correct me on this because I may misunderstand this process and in no way represent myself to be in expert in loans.
It is my understanding that as a broker your fee goes into escrow and is paid out of escrow. If you chose to do so for whatever reason couldn’t you take say $3000 out of your fee that might be $8000 and put that towards covering costs to the borrower in the escrow? This would reduce your commission but would be a tool that could be used in making the borrowers loan a true no cost loan. A broker might make that decision for reasons, but mostly to do more volume and make a no cost loan truly that so that if the borrower shops rates they do not find lower ones that what the no cost they offer is? This would only be feasible in larger principal amounts but I do not see why this could not be done.
Maybe there are legalities as to why this cannot happen but I do not know of any? Please explain why this could not be done, it would make no cost loans not higher rates and would make them truly what they are represented to be. The drawback is that it reduces the amount of money the mortgage broker makes, but it might increase volume.
Thanks in advance, I am not in the mkt for a loan at the moment but might be in a year or so and would like to understand this fully.
ParticipantHLS
Correct me on this because I may misunderstand this process and in no way represent myself to be in expert in loans.
It is my understanding that as a broker your fee goes into escrow and is paid out of escrow. If you chose to do so for whatever reason couldn’t you take say $3000 out of your fee that might be $8000 and put that towards covering costs to the borrower in the escrow? This would reduce your commission but would be a tool that could be used in making the borrowers loan a true no cost loan. A broker might make that decision for reasons, but mostly to do more volume and make a no cost loan truly that so that if the borrower shops rates they do not find lower ones that what the no cost they offer is? This would only be feasible in larger principal amounts but I do not see why this could not be done.
Maybe there are legalities as to why this cannot happen but I do not know of any? Please explain why this could not be done, it would make no cost loans not higher rates and would make them truly what they are represented to be. The drawback is that it reduces the amount of money the mortgage broker makes, but it might increase volume.
Thanks in advance, I am not in the mkt for a loan at the moment but might be in a year or so and would like to understand this fully.
ParticipantHLS
Correct me on this because I may misunderstand this process and in no way represent myself to be in expert in loans.
It is my understanding that as a broker your fee goes into escrow and is paid out of escrow. If you chose to do so for whatever reason couldn’t you take say $3000 out of your fee that might be $8000 and put that towards covering costs to the borrower in the escrow? This would reduce your commission but would be a tool that could be used in making the borrowers loan a true no cost loan. A broker might make that decision for reasons, but mostly to do more volume and make a no cost loan truly that so that if the borrower shops rates they do not find lower ones that what the no cost they offer is? This would only be feasible in larger principal amounts but I do not see why this could not be done.
Maybe there are legalities as to why this cannot happen but I do not know of any? Please explain why this could not be done, it would make no cost loans not higher rates and would make them truly what they are represented to be. The drawback is that it reduces the amount of money the mortgage broker makes, but it might increase volume.
Thanks in advance, I am not in the mkt for a loan at the moment but might be in a year or so and would like to understand this fully.
ParticipantHLS
Correct me on this because I may misunderstand this process and in no way represent myself to be in expert in loans.
It is my understanding that as a broker your fee goes into escrow and is paid out of escrow. If you chose to do so for whatever reason couldn’t you take say $3000 out of your fee that might be $8000 and put that towards covering costs to the borrower in the escrow? This would reduce your commission but would be a tool that could be used in making the borrowers loan a true no cost loan. A broker might make that decision for reasons, but mostly to do more volume and make a no cost loan truly that so that if the borrower shops rates they do not find lower ones that what the no cost they offer is? This would only be feasible in larger principal amounts but I do not see why this could not be done.
Maybe there are legalities as to why this cannot happen but I do not know of any? Please explain why this could not be done, it would make no cost loans not higher rates and would make them truly what they are represented to be. The drawback is that it reduces the amount of money the mortgage broker makes, but it might increase volume.
Thanks in advance, I am not in the mkt for a loan at the moment but might be in a year or so and would like to understand this fully.
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