Crude Oil

zghorner · Apr 5, 2020

farmerjohn1324 said:
Or just focus on building houses!!!

So lame.

farmerjohn1324 · Apr 5, 2020

zghorner said:
So lame.

It's comparatively boring, but...

There's no way to try to get the returns I get with trading unless I take very risky/leveraged positions.

schizo · Apr 5, 2020

schizo said:
Man, you guys are late to the party. Don't be left holding the damn bag. There will be a shakeout and CL will likely fall back down to $20 (or even lower) before making its ascent again.

I knew it!

Right now, trading at 25.95

Edmond · Apr 5, 2020

CLV/20
Sell 32.68

Atikon · Apr 5, 2020

JFonseca said:
Hi,

I believe that Crude Oil needs to go back to 40USD, sooner or later. The problem is that it can take 6 or more months. I also believe it cannot fall bellow 10USD. I am trying to figure out how I can best put this theory into practice...

I have been playing with WisdomTree WTI Crude Oil 2x Daily Leveraged (Loi.L). I bought at 3,15; 3,60 and 4,20 - averaging at 3,90. If the meeting goes well I can see my return earlier than I thought, but if it goes wrong I believe CL will return to 20USD or less and I will need to wait a few months. My concern is that this being a 2X leveraged ETF, even if I am right and at the end of the year Oil is at 40USD I might not see any profit due to the nature of the ETF and the effects of volatility. Is my concern about this ETF justified?

I have at the moment around 10k in Loi.L. How would you play this? Any alternative way to invest in Oil? I don’t like Oil companies because they decline as much as oil when it comes down and do not follow when oil goes up.

Thanks,
Joaquim

I don't get it, do ppl see so many opportunities to make a 400% annual return right now? To me this is a no brainer, my commodity share is oil right now

zghorner · Apr 5, 2020

schizo said:
I knew it!

Right now, trading at 25.95

people who quote their own posts in self congratulations are the best.

farmerjohn1324 · Apr 5, 2020

Atikon said:
I don't get it, do ppl see so many opportunities to make a 400% annual return right now? To me this is a no brainer, my commodity share is oil right now

I agree! I'm back in with 1 share CLV20!!!

Edmond · Apr 5, 2020

There ya go!

farmerjohn1324 · Apr 5, 2020

Edmond said:
There ya go!

And I cancelled the noose I ordered on Amazon!!!

(Joking of course)

Overnight · Apr 5, 2020

farmerjohn1324 said:
I agree! I'm back in with 1 share CLV20!!!

Well, you did the right thing in getting out of it, so you can sleep now for a bit. Many things will be going through your head about how it is now printing over a point above your exit price, etc etc etc. Don't dwell on it.

But to get back into it without waiting to see how the market plays out tomorrow is a bit raucous, especially after such a misguided entry. Better to wait until Thursday meeting. If they indeed have one.