OIL selloff too far to fast

sobemark · Sep 12, 2006

I am taking a position in QM at the close 63.80 ..

i am prepared to scale into this position ... for the inevitable bounce ...

i smell blood in the streets and the start of capitulation as told by the increase in vol.

--m

rcmcfe · Sep 12, 2006

I agree with the "too far to fast" part, but I wouldn't buy yet.

5Pillars · Sep 12, 2006

I am going to watch this very closely too....there could be a real good entry here over the next few days.

Rearden Metal · Sep 12, 2006

I called it first.

http://www.elitetrader.com/vb/showthread.php?threadid=76720

(Your 'real good entry' is right now!)

sobemark · Sep 12, 2006

Quote from Rearden Metal:

I called it first.

http://www.elitetrader.com/vb/showthread.php?threadid=76720

LOL!! wtg

trendy · Sep 12, 2006

Quote from Rearden Metal:

I called it first.

http://www.elitetrader.com/vb/showthread.php?threadid=76720

(Your 'real good entry' is right now!)

"I called it first! I called it first!" Sounds kind of childish coming from a man of your stature, don't ya think?

Rearden Metal · Sep 12, 2006

Quote from trendy:

"I called it first! I called it first!" Sounds kind of childish coming from a man of your stature, don't ya think?

Not really, considering that most guys who make under half of what I rake in... usually do at least double the bragging.

a529612 · Sep 12, 2006

This kind of action looks like forced liquidation to me.

Pabst · Sep 12, 2006

Quote from Rearden Metal:

I called it first.

http://www.elitetrader.com/vb/showthread.php?threadid=76720

(Your 'real good entry' is right now!)

I called the GOOD move first!

http://www.elitetrader.com/vb/showthread.php?s=&threadid=73015&highlight=oil

Obviously I was wrong about the implications in equities but I've made out ok.......

ssternlight · Sep 12, 2006

A conspiracy theorist might suggest that oil prices will moderate into the elections.

Of course, a market observer might just call this an expiry smacking in the making...