the market says, there's been some heavy covering. but do the math. he's probably short from the top (or before), and all the way down. his average cost may very well still be higher.
Buffet says Crude has peaked
- Thread starter mhashe
- Start date
FredBloggs
Guest
damn right.
this is what i think when i read stuff like this.....
1/ buffet, serious market wise guy isnt about to show his hand is he - self defeating i think.
2/ say youre selling in public. all the et suckers (& every one else to takes tips like this) start shorting damn quick to get ahead of the man himself - cos there so street wise!!!
3/ buffet happily picks up those offers cos he knows its going to the moon.
what does buffet, soros, fred bloggs or any other wizard gain from revealing their hand? ego? getting a name for your self? do you really think these guys give a hoot what others think of them, or do you think they have the self confidence and assuredness not to give a damn (quite frankly honey)
no thanks. these things tend to be self defeating.
take it easy.
FredBloggs
Guest
p.s. - im still trying to sell those crude $105 calls to goldman sachs. they wont take my calls anymore!! b*stards.
perhaps ill get buffets number out of rolodex as hes clearly a buyer.
perhaps ill get buffets number out of rolodex as hes clearly a buyer.
Thats a prediction, may or may not be true at all ,most are not ;
Jim Rogers probably has a much better % forcasting in commodities .
Jim Rogers probably has a much better % forcasting in commodities .
Quote from OldTrader:
Uh huh. Let's see now....Buffett let the word out that he may be selling so that everyone could front run him?
OldTrader
Actually I already was of the opinion that Crude is at a topping stage. We're at the blow-off stages.
don't know if that's a 5th up or not, but crude is definitely in panic-buy mode.
from peak to puke would be cool.