Is Boone Pickens still short oil?

Quote from doublea:

Boone Pickens probably makes more in a day than many of the people here have dreamed of making in their lifetime. Weren't you saying the same thing about Warren Buffett too?

I don't know why I am even replying here.
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Icahn, Kirk Kerkorian, Buffet, Boone-all these old toads are vastly overrated. Sure they made a lot of money in the past, but we live in the present.

Boone was even on CNBC morning when he went short, which cased oil to fall slightly. Talk about having a head start, and yet he failed.
 
Quote from doublea:


I don't know why I am even replying here.
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Yeah, I thought of replying too but why waste the time arguing with professional trolls. It is pointless and only encourages them more.
 
Quote from stock_trad3r:

Icahn, Kirk Kerkorian, Buffet, Boone-all these old toads are vastly overrated. Sure they made a lot of money in the past, but we live in the present.

Boone was even on CNBC morning when he went short, which cased oil to fall slightly. Talk about having a head start, and yet he failed.
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When you have 1/100th the net worth of any of these guys you can officially start yapping. Until then keep your insults to yourself.
 
Quote from gnome:

He probably still is... riding it out, averaging into... that's been his style.
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no he covered a couple weeks ago. there was a story about him covering his short. i can't find it but i remember it.
 
Quote from stock_trad3r:

Icahn, Kirk Kerkorian, Buffet, Boone-all these old toads are vastly overrated. Sure they made a lot of money in the past, but we live in the present.

Boone was even on CNBC morning when he went short, which cased oil to fall slightly. Talk about having a head start, and yet he failed.
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If I remember correctly, Buffet made a nice gain last year, overtaking Gates to become the richest, so it seems he is still making money.

You talking smack about these guys is like some less than average 8th grade basketball player taking shots at Michael Jordan, saying that what he did in the past is meaningless today and that he is overrated.
 
Quote from robbie380:

no he covered a couple weeks ago. there was a story about him covering his short. i can't find it but i remember it.
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Please find a link. If that's truly the case...
 
Boone Pickens is an oil producer. What he loses on his short, he makes on the actual product.

Years ago I happened to be at his office when he was short cattle and cattle prices was going through the roof. He was having a hard time explaining to his bankers his margin calls were being covered by the value of his cattle in the pen.
 
Quote from detective:

Oil is raging and the most bullish market in the whole universe right now, and Boone Pickens shorted at $99/100. He must be feeling the squeeze here.

My goodness, oil at $107.60, yes, inflation is well anchored. I believe you Uncle Ben. Go back to cooking rice.
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how do you know he's short?just because he said so?

do you have any verification, besides his 'word'?

I wonder how many short sellers he put out of business with that call....
 
Quote from regal_2012:

how do you know he's short?just because he said so?

do you have any verification, besides his 'word'?

I wonder how many short sellers he put out of business with that call....
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Regal;

As well as he/ his funds has done with oil;
probably still done well . Seems like a straight shooter, like mr Ichan;
have heard him speak many times.

And with him not mentioning his position size in shorts;
perhaps done well this month.

Maybe right on last sentence.LOL:p
 
I wonder: He said he was shorting oil, but he didn't say what type of short. He is probably short Puts. He said he was short to get everyone to go short with him, meanwhile he was shorting puts and cashing in on the squeeze.
 
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