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Forget the rocket ship, I'll settle for a slow train. Stosh

Just a little fuel spill, no prob......still plenty of time. I've got my 5 ES on board now.

Just lost a few cooling tiles but no problem....should be leaving surly bonds of earth soon.

I smell it a little.....seems to be getting closer. Stosh

e-trade would be fine for starters. Over time you can easily move your account if you want.

If anyone is curious how it is working out, there will be no report forthcoming. Stosh

Money isn't everything.....but it is way ahead of whatever is second.

Thanks....good article. It seems to me that the best way to invest in oil is to buy stock in a financially strong oil company that has lots of oil wells and proven reserves. Stosh

However, I believe it was Dan Rostenkowski, D - Chicago, who put those in in the first place. That was before he got kicked out of Congress in the House bank and postage stamp scandal.

Good points, Papa Roach. I didn't mention the tax advantages for fear a Democrat congressman would read this and introduce a bill to take them away. Oh well, too late now. :p Stosh

Touch'e. But I thought that was taken care of in the application approval process at the futures broker, LOL.

Okay. One must fully, thoroughly, and completely understand leverage and totally comprehend all of its possible consequences, implications, and ramifications, both intended and unintended and must realize that there is always the chance of the perfect storm, black swan, and purple duck.

Both of the above responses said that one must FULLY understand leverage. Isn't that what you are trying to say?

Sunday eve: I have an open 1 ES contract from Friday at 823, and just now averaged down by buying another at 813.50....so now I have 2 contracts with an avg cost of 818.25. If it works, I'll report back....if not, I won't. Stosh

I think stock index futures, ES for example, are less risky than individual stocks if the trader/investor FULLY understands leverage. Just as people thought it was wonderful to buy a house for only 5% down, with little money in reserve, never considering the result if house prices were to go...

If we posit that the UNDERLYING ENABLER of the severe financial crisis that we are in is due to cheap credit of previous years, didn't the fractional reserve sytem allow parlaying of deposits and capital to the extremes which largely caused this mess? Perhaps a more constrained, and more...

Moo.....I'm beginning to think you may be right. We need some way to keep these "masters of the universe" from managing the money supply. Human beings just aren't that smart, even if they have a Ph.D. from Harvard or Wharton. (and even if they were capable of being independent from partisan...

I learned that same painful lesson: shorted oil at 90, covered at 110. It's hell being right, but early.

Your being to hard on there seperate affects.

I think he was being facetious.