CL Redux

InvestVision · May 13, 2011

it looks we may get another chance at 97.85 ( or +10) line one more chance for long ..

guys do you see any 'weekend Libyan DISCOUNT' on CL price as I mentioned in the post earlier ?

Cast YES or NO

Picaso · May 13, 2011

Quote from InvestVision:

it looks we may get another chance at 97.85 ( or +10) line one more chance for long ..

guys do you see any 'weekend Libyan DISCOUNT' on CL price as I mentioned in the post earlier ?

Cast YES or NO

I'm afraid your reasoning goes beyond my intellectual abilities, sorry, I wasn't sure what you meant.

Volume peak is at 99 if metals/equities hold

nfamousyoungest · May 13, 2011

Buystop 98.50, stop 98.30.

Half off at 98.87, stop b/e.
target rest 99.50.

Picaso · May 13, 2011

Double top on 5' chart???

Nice trade young and famous

Picaso · May 13, 2011

ffff

short .650 and out .700 (2 ticks slippage)

InvestVision · May 13, 2011

ok guys let me make it simple .

in March and April on Friday Close we have a small week end premium on CL as people do not want to be short on week end as any thing can happen in Libya , middle east etc.

Now what I am saying is given Libya situation is coming close to throw gaddafi , I am saying there is risk being LONG over week end ( if gaddafi falls over week end , not this weekend in general )

If enough people close LONG positions at EOD for this reason , it creates 'weekend' discount ( a small drop of price towards close ) .

that is what I call 'weekend Libyan discount' ( discount opposite of Premium ) .

Quote from Picaso:

I'm afraid your reasoning goes beyond my intellectual abilities, sorry, I wasn't sure what you meant.

Volume peak is at 99 if metals/equities hold

Picaso · May 13, 2011

Quote from InvestVision:

ok guys let me make it simple .

in March and April on Friday Close we have a small week end premium on CL as people do not want to be short on week end as any thing can happen in Libya , middle east etc.

Now what I am saying is given Libya situation is coming close to throw gaddafi , I am saying there is risk being LONG over week end ( if gaddafi falls over week end , not this weekend in general )

If enough people close LONG positions at EOD for this reason , it creates 'weekend' discount ( a small drop of price towards close ) .

that is what I can 'weekend Libyan discount' ( discount opposite of Premium ) .

Ok, then my answer would be "No" - already priced in

... and thank you for the "for dummies" explanation

InvestVision · May 13, 2011

if S&P is around this -13 points , do you guys still see 99 + close

If it close around 98.50 with S&P around -13 pts , I would call this is 'weekend Libyan discount'

let us see

EON Kid · May 13, 2011

Quote from EON Kid:

I see a close at 100, prolly dreaming

u know my thoughts

DonCorleone · May 13, 2011

Quote from EON Kid:

u know my thoughts

if that happens, it'll be you and mr. picaso in neck n neck race for the Call of the Day award.