ES Journal - 2019/2020

[vanzandt]

I have a friend who has loaded up his retirement accounts with Boeing, Airlines, and Carnival Cruise.

He thinks he's brilliant.

I guess it depends on how long he's got. BA and CCL might not be too bad. I'd wait for another 30%-50% haircut on the airlines though. Better bet would be Fedex or UPS imo if you must buy flying tubes.

Edit... one can only sit on their hands so long here. In DAL short at 22.80. 400 shares.
edit 2.... f... should have got greedy. Where's my conviction? At least 1000 dummy.
edit 3 .... hmmm.

 

[speedo]

+95 at 80 .... no need to get greedy for another 5 points

+95 on the runners ... no runners left which may be a mistake but I think we don't get much higher than 2890 befor we start down again but who knows?

Great job!

 

[syswizard]

WTI Crude up 18% or so on reports that the oil glut is being resolved and that Cushing, OK inventories are manageable. Questions still remain regarding the May 19th settlement for the June CL contract.
https://www.rigzone.com/news/global_oil_glut_set_to_halve_in_may-04-may-2020-161965-article/
https://www.worldpipelines.com/busi...l-inventories-approaching-record-high-levels/
I don't think the drama is over.....yet.

 

[vanzandt]

WTI Crude up 18% or so on reports that the oil glut is being resolved and that Cushing, OK inventories are manageable. Questions still remain regarding the May 19th settlement for the June CL contract.
https://www.rigzone.com/news/global_oil_glut_set_to_halve_in_may-04-may-2020-161965-article/
https://www.worldpipelines.com/busi...l-inventories-approaching-record-high-levels/
I don't think the drama is over.....yet.

"Parabolic" increase in both demand and storage. "Massive" move ahead.

 

[Relentless]

+95 at 80 .... no need to get greedy for another 5 points

+95 on the runners ... no runners left which may be a mistake but I think we don't get much higher than 2890 befor we start down again but who knows?

Well done.

 

[Nighthawk]

WTI Crude up 18% or so on reports that the oil glut is being resolved and that Cushing, OK inventories are manageable. Questions still remain regarding the May 19th settlement for the June CL contract.
https://www.rigzone.com/news/global_oil_glut_set_to_halve_in_may-04-may-2020-161965-article/
https://www.worldpipelines.com/busi...l-inventories-approaching-record-high-levels/
I don't think the drama is over.....yet.

Goldman was out with a note earlier...They see $51....everybody happy....including Russia, Saudi Arabia, Iran, Nigeria, Angola, Venezuela, Mexico, UAE, Oman, Kazachstan....oh, and even the USA!

 

[vanzandt]

Goldman was out with a note earlier...They see $51....everybody happy....including Russia, Saudi Arabia, Iran, Nigeria, Angola, Venezuela, Mexico, UAE, Oman, Kazachstan....oh, and even the USA!

tbh, I hope that's the case. For lots of reasons.

 

[NQurious]

I guess it depends on how long he's got. BA and CCL might not be too bad.

I think BA is going to go the way of GM. That massive debt deal they just did bought them some time before the inevitable. Bond holders will get bailed out at the expense of the shareholders.

 

[schizo]

Long 76.50

 

[vanzandt]

I think BA is going to go the way of GM. That massive debt deal they just did bought them some time before the inevitable. Bond holders will get bailed out at the expense of the shareholders.

Tried to find a good cover of this one.
John Denver was an incredible song-writer. One of the best.