I am seriously thinking of shorting oil long term

made almost $50k on MXC, FPP, & PDO today, the most pleasant thing to do is ride a big movement in the right direction!

the more you short, the more it flies since you believe the market always has a top, when it starts to fall, I can bet always those same guys, who will claim " it will stop sliding and bottom get hit", so the more it slides, the more they buy, why they do that? kind of curious, it is doomed to a loser's play, why? show how smart they are? or just want finacial suicide?

just do not get it?
 
can you losers stop predicting and do some productive trading?
Do not be obsessed with market anaylsis or predication, try to outsmart the market, it is sure way to finacial suicide
 
Oil will not come down in a meaningful way from here on out, just accept that fact, we're in the peak oil era. We're all going to be riding rickshaws to work by 2015, while the Saudis can get a gallon of gas for a wink and a nod.
 
Pickens shorted oil around 100, forced to cover, and now long.
Factor in growing demand in India and China. Remember the stories about guys who thought YHOO was too high at 100 back in the tech bubble? And oil is a finite commodity, especially in this country with this congress (e.g. Anwar will never be opened). Good luck with that short.
 
Quote from Daal:

even the careful shorts dont realize that all they are doing is using dips of a strong market to initiate a bet that prices will fall. the guys that are a making the easy money will be buying that dip. shorting dips of a strong market, thats financial suicide not trading, why make things hard?
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Agreed.

People like S2007S must have been dropped on the delivery room floor when they were born . . . hence the "suicidal" contrary gene that makes them continue to bang their head against a Brick Wall. No stops either. Just absurd.
 
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