Oil Slick Stuff

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robo said:
Nnuut,

If I can make over 2% after cost, on a short-term trades, I'm happy! Still learning, and not doing very well on short trades. I have learned to have tighter stops when shorting this market. I was given a signal to short the QQQQ's a few days ago, but passed for now. It's fun trading with my sons college money. Saved for his college, but didn't need to use it. Debt free with good income is sweet. I think they call it pay is you go. Something our government needs to implement.

http://finance.yahoo.com/q?s=qid

Thanks for the post. Working out back and checking on things during breaks.
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Great deal, making money is the name of the game. Hey Oil up over $59! Sell, Sell, Sell!:D
 
You know I, myself don't know what a fair price is for Oil. Look at Gas prices around the world, if we had to pay what they pay in Europe the country would go bankrupt within a year.:sick:
 
nnuut said:
Great deal, making money is the name of the game. Hey Oil up over $59! Sell, Sell, Sell!:D
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Sold & 52.65 for a small gain of 1.08 a share. A small 2% gain. I love my Roth brokerage account using my sons college money. No Capital gains to pay, no taxes to pay when I draw it out. I think I can make an easy 1500 month income during retirement trading this account. I'll give what's left, if there is any, back to him. In the mean time I'll keep adding 5k a year into my account and having a blast. When I turn 60 I will start taking money out and have a blast with this cash. No way to catch Birchtree, I'm just to conservative in my investing and trading. Lost money in one account YTD, but thats the name of the game. 80% of all traders lose money, not to be done with your rent retirement money! This is my MAD MONEY, and I will make money in the long run. I get some pretty good advice on my trades. I follow FundSurfer and Griffin and I love my SharkFolio and use it to make trades also. Trading ProShares, and trading with retirement money is not recommended. I'm not applying the 4% withdraw rule to this account. I handle my TSP account very differently. Added some extra thoughts at the end NNuut. Man I type slow.

http://finance.yahoo.com/q?s=DDM+DOG+MVV+MYY+PSQ+QLD+SH+SSO&d=t

Man, I do love the Roth IRA's!!!
http://finance.yahoo.com/q?s=uso
 
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Sounds like a great plan. I wish I had one like it, I could use another $1,500 a month!!:)
 
11/06/2006 - Updated 7:56 AM ET
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Crude lower as production concerns ease
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</IMG>By Ciara Linnane, MarketWatch
NEW YORK (MarketWatch) -- Crude-oil futures fell early Monday as production concerns related to the Middle East and Nigeria eased after the weekend passed without threatened attacks materializing, leaving traders to focus again on high inventories of oil and petroleum products.
Crude for December delivery was last down 29 cents at $58.85 a barrel in electronic trading.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BA091516E%2DF85C%2D4897%2D87D3%2DF758CECD2B5C%7D
 
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Fuel prices are trying to stabilize....I don't want to help that happen, I'd like to see it down further therefore I will be keeping my checkbook tightly shut.....its a thought and its the right time....since alot of sales influence comes from the Wal Mart reports, don't buy from Wal Mart.....if you can ...buy very little and somewhere else....;)
 
Dump and then pump will not work. The consumer is running on 59 quarters of spending - they won't and can't change their habits. What a great country.
 
BOY they have us right where they want us!:mad:

11/06/2006 - Updated 10:42 AM ET
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Oil futures rise as OPEC hints at further output cuts
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed Monday morning with traders attempting to recoup part of last week's almost 3% loss after comments from key oil producers fed expectations that the Organization of the Petroleum Exporting Countries will decide to cut output further at a meeting next month.
But prices remained under $60 a barrel as production concerns related to the Middle East and Nigeria eased after the weekend passed without threatened attacks materializing.
http://markets.usatoday.com/custom/...S&guid={A091516E-F85C-4897-87D3-F758CECD2B5C}
 
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Has been on the rise around here, where are they refering to?:confused:
UL Regualr as low as $2.04 in Boiled Peanut.
Cheap gas to the rescue

Gas prices are falling, just in time to save the economy from the weak housing market, says Fortune's Nelson Schwartz.


By Nelson Schwartz, Fortune senior writer
November 6 2006: 12:22 PM EST


LONDON (Fortune) -- The precipitous drop in gas prices - 25 percent since August - hasn't just been good news for Republicans eager to hold onto Congress. It's also come at the best possible time for the economy - and the stock market, pumping billions of dollars into the hands of consumers just as U.S. economic growth has slowed.
In the third quarter, economic growth was an anemic 1.6 percent, the weakest pace in more than three years, and high energy costs were among the main culprits for the summer slowdown. But Lehman Bros. senior economist Drew Matus predicts growth will rebound in the final three months of 2006 to 3.2 percent. "The fall in gas prices is almost perfectly timed, and it will also provide an offset to the housing market, which is weakening," says Matus.
http://money.cnn.com/2006/11/06/news/economy/pluggedin_schwartz_gasprices.fortune/index.htm?cnn=yes
 
nnuut said:
Has been on the rise around here, where are they refering to?:confused:
UL Regualr as low as $2.04 in Boiled Peanut.
Cheap gas to the rescue

Gas prices are falling, just in time to save the economy from the weak housing market, says Fortune's Nelson Schwartz.
Click to expand...

Have said it before, and I'll say it again, since when is $2.00+/gallon for gas cheap?
 
Sold my USO to early, but I'll take my small gain and leave the Big Bucks to Birchtree.

Crude oil is heading back up. Looks like $60 level is now starting to become support.

When do you think the Administration will start filling the Strategic Petrol Reserve again? I think after the election. That could give oil another run up short-term.
 
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