Oil Run up

and its one two three what are we fighting for?
don't ask me i don't give a damn!
next stop is Iran

The Axis of evil must be un axised. So sayeth the W!

Hail Bush. Oil to $200!!
 
Quote from eveningtrader:

How is it foolish? What is your reason for this?

As far as I can see it, oil will go higher, even if supply and demand remain the same. The reason is the dollar continue to hit new low every day. Until dollar stop it's decline, oil will continue to goes up.
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Up until yesterday, there has been strength in the dollar all week!
 
Quote from detective:

Get your popcorn and take a seat. You are watching history, the squeeze of the century is happening, shorts are getting gutted here, unreal.
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This is the point, the news and everything else is meaningless, those who are short are crapping themselves it will go higher.

"What us losing money, nah been long since 60" :p
 
this would be a good time for Bush-II to show his leadership....

since it seems anyone complaining about the economic impact and destruction of life as most Americans know it, due to the unfettered rise in the price of oil, and how it is causing people on the ground to rethink everything about their ways of life, whether being a soccer mom and taking a trip to the grocery all the way to whether or not the police / fire trucks will roll on emergencies....

since anyone complaining of pointing out the negetive deliterious effects is being smeared with some socialist, communist name calling by those in support of these conditions,

then, a simple solution would be for Geo Bush II to show his commanding, authoritative leadership and get out in front of this "thing"

hey, after all, isn't he an Oil Man?
hey, after all, isn't this what these last 8 years were all about anyway?

hey, after all, with stocks going up, oil going up, with stocks going down, oil going up,

hey, after all, isn't this what the Texas Delegation has wanted all along?
 
any of you guys holding positions over the weekend? this thing is gnarly to the extreme. I personally can't see anything but day trading this.
 
Quote from etfswingtrade:

looking to "throw" a couple grand
at buying some USO puts through my
IB account. I am long term bearish on oil.

I am NEW at options..

what is the most bang for the buck here?

want to buy some stuff that is a couple
months out here.

any ideas on specific contracts?

thanks!
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if you're new at options, i'd stay away from oil unless you're really willing to potentially lose what you plan on "throwing" into it. if you're looking to buy puts on the more aggressive side, I would say to buy in the aug range, out of the money puts. You'll have time for it to sit and you'll have a large upside potential. But personally if I were going to do something like that and just take a shot with a few grand, limit yourself to only that money, if it turns around on you, dont add to the position thinking its an opportunity. Theres too much big money 'deciding' where oil goes, its not smart to go against that with a few grand. Just my thoughts
 
Quote from Jayford:

any of you guys holding positions over the weekend? this thing is gnarly to the extreme. I personally can't see anything but day trading this.
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I'm a lousy day trader ... So I'm swinging my options for a while. Know my risk. Oil could go to 150 and I'm sleeping soundly.
 
Quote from scriabinop23:

Let me propose they now realize the eye is on them and this is one last effort to ditch positions at a high price.

They stand a lot to lose with so much oil purchased.
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How much oil did Institutions buy and put on lay-away?
 
I don't know what you are talking about? So you are trying to tell me when oil go from 60 to 100, then drop back to 90, it's call weakness?

Even a dead cat dropped to the floor bounce.
Quote from SCI new york:

Up until yesterday, there has been strength in the dollar all week!
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