Post feedMissing The Million Dollar Trade
I cannot believe oil is down again!!! Despite this unbelievably cold weather making it's way across the country, there are no bidders out there. At the moment oil is down a whopping $2.29 at 50.70 per barrel. It's like a bad dream or something. Can it go lower? Didn't I ask that at $58, $56 and $54 per barrel? I can't believe I am on the sidelines. I want to throw up.So much for the comments that filtered in a couple weeks ago about oil being a good "long term" opportunity. I always use the words "long term" as a code word for crap, since its root is not in my vocabulary.
Recommendation: A flute with no holes, is not a flute. A donut with no holes, is a danish.
So much for the cheerful little boy we saw this morning. I am one of those who saw cold weather pumping up the price of oil over the next few weeks. No one's tried to make music with me for a while, but I am a flute with no holes, it would seem. Meanwhile GOOG, which I predicted would fill it's gap on the way down, has rebounded and is at new highs.
Sigh.
I think I will go stick my head where buddy (three or four postings below) has firmly planted his. I never EVER would have predicted $50 for oil.
BXP has done very well today. It broke out of an ascending triangle a couple of days ago, although volume has been average.
Chris and Catherine
Posted by
Anonymous |
1/16/2007 12:41:00 PM
Chris/Catherine...
This cheerful little guy can only say...Dust yourself off and keep going. $50 oil was not probable, and this is ultimately why I missed it. Lesson...Anything is possible. Sell what is weak, buy what is strong. That's what keeps me in business.
Keep up the good work!
Posted by
Option Addict |
1/16/2007 12:48:00 PM
Be the ball, Jeffrey. Be the ball...
Posted by
Anonymous |
1/16/2007 01:39:00 PM
when did the option addict mug shot go up... THAT's GREAT ! ! !
PS Do those numbers mean something..... Maybe an account #....Social security # ..... Just made up # ......
I made a killing today. all the longs went long and all the shorts went short. Maybe I am the one in a good mood ;-)
Thanks for all you do. I feel smarter than all of my buy and hold co-workers (for today at least)
Tomorrow is another day, but let the winners run.
Posted by
Anonymous |
1/16/2007 04:36:00 PM
Tom,
It's Leonardo Fibonacci's phone number. I couldn't think of anything more creative than that.
I am glad you had a good day in the market. Go celebrate! Drinks on Tom...literally (for those who took a beating today, I'm standing up for you :)
Posted by
Option Addict |
1/16/2007 04:42:00 PM
hooo raahhh.. Great start this week if i might say.. Im with Tom ill buy the second round!
sometimes I get happy as hell being right only 20% of the time :)in base ball terms i might be batting a .200 but when i get ahold of it. It will be on ESPN.lol
Danny DR
Posted by
Anonymous |
1/17/2007 12:20:00 AM