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  1. J

    Embarrassing Newbie question from Oldie

    Where.....do options come from? Option storks? I've been in the game for a long time and never really understood this to the level of detail I need to now. There is a stock that I want to buy calls on. A LOT of calls. Because I have reason to believe that it will sky-rocket by end of week...
  2. J

    A crude look at Crude

    Oh. Well I'll be damned....lol
  3. J

    Automatic Spreads versus Manual

    Thank you rmorse, appreciated
  4. J

    Automatic Spreads versus Manual

    Apologies in advance, this question must have been asked 100 times before, but I'm not able to find a recent answer. How reliable are automatic spread setups these days for getting a fair price in your spread setup? Specifically, I'm thinking of IB's Combo Builder. Any good? Or is too much...
  5. J

    Buying Options before Earnings

    It's all about the volatility. There are checks and balances everywhere. Lots of techniques and methods, which basically just allow you to adjust the probability with the potential gain/loss. But no magic. Essentially, there are only two ways: 1. You have to know more than the...
  6. J

    CLX7 Topping Out?

    Well, I've been wrong with crude for two months now. We're getting a correction, it's just a matter of when. It has defied logic for so long, but I can't say when it will stop. I thought it would in the mid-80's, I knew it would in the 90's, and yet we're in the mid-90's now. Seems...
  7. J

    Is the market pricing of oil a scam?

    If someone's trying to manipulate the market by buying long oil futures, they're doing a pretty bad job of it. Have you seen the backwardation?
  8. J

    Crude Oil to $144

    electric cars, electric cars. They will be the death of the oil industry. As for the price of oil.....that's different. With less demand comes less production, which means oil will probably be a very expensive commodity right till the last drop. For that reason alone, i am a long term...
  9. J

    Yhoo Ibm Intc Earnings

    comanche... I'm surprised not to see you on the oil threads...records are being set. I revived your old "bottom picking" post....looks nice with $88 oil :)
  10. J

    Time to bottom pick

    Lol.... This was a great thread that I just had to resurrect...All about finding the bottom when oil dropped to $50 back in Jan. Not relevant? Just flip your chart upside down.
  11. J

    CLX7 Topping Out?

    Make no mistake, I'm one of the losers so far this week. Thanks to those who have refrained from getting personal. It's easy to do with $2-$3 swings on a daily/hourly basis. While it's true that some of us are shorting in a bull market, keep in mind that people who shorted YHOO at...
  12. J

    CLX7 Topping Out?

    I guarantee you a surprising number of the people who have visited these boards over the years have taken their life for one reason or another. It may or may not have had to do with investments, but either way there was never anything funny about it. Still short, personally. I will...
  13. J

    CLX7 Topping Out?

    sorry Aaron, the latter. I believe oil should begin to fall as winter approaches. Not to discount heating oil, but I would still look to gasoline as the major price dictator for crude. Something to keep in mind: We had a 1.7 million barrel drop in crude this week, but a 1.7 million...
  14. J

    CLX7 Topping Out?

    No question, we just about had a head-and-shoulders drop there, which would have been quite large. But the inventory report trumped TA, as it should. A 1.7 million surplus should mean higher prices, and it did. What's frustrating is that the market did not seriously evaluate the 1.7...
  15. J

    Anyone see the crack spreads?

    which should be reflected in the next few crude oil inventory reports..
  16. J

    CLX7 Topping Out?

    lol torontotrader, nice of you to mention that just as oil approaches an all-time high :) all i can say is wow. The market says I'm wrong, but I still have to hold my sentiment. Not to be stubborn, I just don't see the fundamentals to support these prices going into winter. Open...
  17. J

    CLX7 Topping Out?

    In terms of TA, this is worth considering: http://www.chartpatterns.com/headandshoulders.htm About the oil tankers, there is no question that if the US economy drops, they will consume less oil and the rest of the world will consume more. The bottom line is how much. Personally, I...
  18. J

    CLX7 Topping Out?

    nothing. but...when do you call it a downtrend? Probably at our target price.
  19. J

    CLX7 Topping Out?

    That's my target too, realist. Excellent TA. You can see how there's definitely room for as low as $70, but it's not my target. The current plan is to close out between $72-$74, just as everyone is screaming for $70 oil, and $60 oil. It may go to $70, but I think we'll get more than...
  20. J

    A crude look at Crude

    I recently received a newsletter from O&F that suggested $100 oil by end of year. I find O&F to be quite reliable on short-term trades, but have not had so much luck with their long term forecasts. This would appear, in my mind, to be some of the worst advice they've ever offered, long...
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