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You guys have *excellent* points about supply vs. demand. Of course, countries like China and India are growing and will need more oil. Iran, hurricane season, driving season, etc. Its all ahead of us. However, what about "supply". Rig counts are up and there is plenty of oil supply out...

My opinion is this...if oil is able to break through $68, then it will most likely go to $80. If oil does not break through $68, then it will most likely bounce and then retreat to test the lows of this year if not further. So with that said, I do not see demand for oil going away. I...

If there is more put interest then call interest, then prices will tend to go up. If there is more call interest then put interest, then prices will tend to go down. Price tends to go in the direction that will make either the puts or calls worthless. In the last few months, there has...

I am declaring the next stop is $70 per barrel. Look at that channel coming from the V-bottom. That trend channel is reaching right out and smacking you in the face. $70 per barrel here we come!!!

http://www.tdameritrade.com/pricing.html http://www.tdameritrade.com/security/index.html I love TDAmeritrade's straightforward pricing. Everyone says IB is cheap, well, that is if you are trading small orders. I did my taxes and it was a shocking amount in commission I paid last year...

http://www.tdameritrade.com/security/index.html TDAmeritrade at least gives you the above guarantee. I have had it with IB and am switching over to TDAmeritrade in the next few months.

I was listening to Cramer tonight when he announced FTEK. I opened up the chart fully expecting to see a stock at its all-time high that looked like the price was about to jump off a tower. What I saw was an awesome cup/hand formation where the price peaked and has pulled back nice to a...

I can see where your coming from. Companies like ATI and IPS seem like they are in a bubble. Then there are the copper companies. Everything seems to just keep going mindlessly higher almost like oil did last summer. Remember last spring when everyone was jumping into oil then came the big...

Haha. I meant EGY VAALCO Energy Company. Check it out. For the past two Mays it has made 60-70% runs setting its high in August. At the minimum, this is a 7 dollar stock. If oil goes over 70 dollars, then I see it being at least a 10 dollar stock. I dont see oil going lower with...

The bravado continues in this thread amongst a bunch of frustrated hedge fund managers, critics and gurus.

I think I see whats happening. Lots of put interest. Max pain is around 7.5. Is the price drifting up because of options expiration? What do you think will happen come Monday? Im thinking there is room to go up. Any ideas on this thesis? Too late for the trade? Im assuming that the...

It is obscure, very obscure. I honestly thought it was a technical or drug company when I saw it on the screener.

I see TOA sneaking up. It does appear to be making a rounding bottom on the chart. My understanding was this company is in deep trouble. Do you think this is a turnaround play or should it be avoided?

Haha. Lots of hedge fund managers, gurus and critics on ET, but none that can disclose anything. They manage millions of dollars in cash, yet have so much time to focus on a messageboard during the market hours. I see how it is.

Im impressed with www.prophet.net. It has the ability to display multiple charts at a time from a list of symbols. You can develop a focus list and place it up on that site. Then you can scan through the charts quickly to find the right ones for you. I was noticing IMH has come to the top...

Both you guys got it wrong. I like CNBC for the tickers, but the sound coming from the box is distracting and poisons my thinking. I can setup the same tickers on my tradestation that CNBC gives me. As for one being a good trader or not, I think that can be proven with account...

RNOW appears to be the more attractive panic sell target. It has a smaller float then MNT and there is more short interest out RNOW as well. This is important because stocks with small floats and lots of short interest (notice low volume) will yield faster results on the chart. Sometimes...

Another premarket event with RNOW as well. I will look at both. Usually I take the one that sells down the most. The bigger the selloff, the larger the bounce. When everyone is the most fearful, then the bigger bounce later on that we shall have. Again, this is pure daytrading and I dont...

We have a volatility event in the pre-market with MNT down 17%. It had traded much lower in the afterhours session. Now we must review our procedures for waterfall selloff trades. Wait for the double bottom. Sometimes the double bottom is not put in and it makes a new lower low. Use...

I have been having better luck turning CNBC off during the day. I am finding that it distracts my attention and slows me down. The information on CNBC is often always late and sometimes plain bad. It can poison your decision making. One doesnt need the news to see what is happening with...