Just Shorted Crude at 142.47

See how quick the markets responded to oil coming off its highs, if oil were to drop at least 15% it could cause a surge in equities...
 
Quote from MrDODGE:

Bad move since the trend is $150 by July 4th
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Just because they say $150 oil doesnt mean theres going to be $150 oil, didnt they say nasdaq 10,000 back in 2000 and housing prices that would keep doubling every 5 years.

Oil will drop so quick, those wanting to short it will realize it after it has dropped 15-20% just like people getting short stocks today. Start adding short positions in oil today, not at 120 or 125.
 
That 10 minute $3 selloff was goldman dumping contracts since they have been tipped that the fed is going to make a move against high crude this weekend :D :D
 
Quote from S2007S:

Just because they say $150 oil doesnt mean theres going to be $150 oil, didnt they say nasdaq 10,000 back in 2000 and housing prices that would keep doubling every 5 years.

Oil will drop so quick, those wanting to short it will realize it after it has dropped 15-20% just like people getting short stocks today. Start adding short positions in oil today, not at 120 or 125.
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The market does the opposite of whatever "they" say, more often than not. It's almost a counter indicator.

I get a good laugh most mornings from seeing what CNN says "should" happen to stocks, according to what the futures have been doing overnight.
 
Quote from S2007S:

Just because they say $150 oil doesnt mean theres going to be $150 oil, didnt they say nasdaq 10,000 back in 2000 and housing prices that would keep doubling every 5 years.

Oil will drop so quick, those wanting to short it will realize it after it has dropped 15-20% just like people getting short stocks today. Start adding short positions in oil today, not at 120 or 125.
More...


I dont understand this play. Dont get me wrong you may very well be right...but it just seems like crappy risk/reward. Oil could go down, but how far? 120? It could do that tomorrow, and one hurricane, one pipeline explosion, one threat to iran from us or isreal and the fucker is back up to 150.
 
Quote from PAPA ROACH:

......the fed is going to make a move against high crude this weekend :D :D

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You're refering to the PPT........The Petroleum Protection Team? :cool:
 
Nat Geo report due Monday. Expecting oil to $500 on report there is only 400 barrels of recoverable oil remaining on earth.

I'm going long CL now; thanks to Your Escalade and your freak parade, I'm the only John Wayne left in this town!
 
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