I'm making a major call on the price of crude:

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • SBR_John
    SBR Posting Legend
    • 07-12-05
    • 16471

    #1
    I'm making a major call on the price of crude:
    The price of light sweet crude recently had a high of $67.10 and is currently trading at 66.40.

    Due to many circumstances I am calling the top in this market. An aggressive strategy would be to buy Puts on the major oil companies. One that I sold today after a nice run is VLO which is down $2.10 today. It has an all time high of about $95.

    My credentials? Well I once stayed at a Holiday Inn.
  • marc
    SBR MVP
    • 07-15-05
    • 1166

    #2
    I think crude will settle in around $70
    Comment
    • SBR_John
      SBR Posting Legend
      • 07-12-05
      • 16471

      #3
      Well OK I see crude came back and settled near the high for the day (Dammmit!)

      But ah 1 afternoon does not make a call!

      In a report Thursday, the International Energy Agency, a consultancy that advised oil-producing nations, noted that worldwide crude inventories were ample, at 54 days of forward cover, which is two days higher than last year.
      Comment
      • jjgold
        SBR Aristocracy
        • 07-20-05
        • 388179

        #4
        Option trading is the way to go and real safe as long as you are not selling calls and selling puts to open trades
        Comment
        • betplom
          SBR Posting Legend
          • 09-20-06
          • 13444

          #5
          I predict it will eventually be much higher than this.

          Oh yeah, the Canadian Dollar will surpass the US Dollar in value.
          Comment
          • jackpot269
            SBR Posting Legend
            • 09-24-07
            • 12842

            #6
            Originally posted by betplom
            I predict it will eventually be much higher than this.

            Oh yeah, the Canadian Dollar will surpass the US Dollar in value.
            Nice call !!!!!!!!!
            Comment
            • katstale
              SBR MVP
              • 02-07-07
              • 3924

              #7
              How abt a call to that coke snortin ho humpin attorney you hired in CR to go after Lenny?
              Comment
              • compaqDikk
                SBR Hall of Famer
                • 10-08-05
                • 5699

                #8
                i think sbrJohn got chased outta the country by margin reps and crooked online brokerage firms that use offshore swiss actts due to his shitt call on oil futures
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388179

                  #9
                  Originally posted by compaqDikk
                  i think sbrJohn got chased outta the country by margin reps and crooked online brokerage firms that use offshore swiss actts due to his shitt call on oil futures
                  Comment
                  • compaqDikk
                    SBR Hall of Famer
                    • 10-08-05
                    • 5699

                    #10
                    Comment
                    • jjgold
                      SBR Aristocracy
                      • 07-20-05
                      • 388179

                      #11
                      lol
                      Comment
                      • louisvillekid
                        SBR Hall of Famer
                        • 08-14-07
                        • 9263

                        #12
                        damn this thread is over 2 years old, almost 3.
                        oh, and nice screenshot compaq.
                        Comment
                        • betplom
                          SBR Posting Legend
                          • 09-20-06
                          • 13444

                          #13
                          update, Oil today is 44.86
                          Comment
                          • SexyMit
                            SBR Hall of Famer
                            • 10-12-06
                            • 6139

                            #14
                            yeah but after it topped out at like 145.00 somewhere in that range. hope it stays right where its at for a long time.
                            If it seems to good to be true it usually is!!

                            I have a natural instinct to exploit market ineffieciencies!!
                            Comment
                            • betplom
                              SBR Posting Legend
                              • 09-20-06
                              • 13444

                              #15
                              Originally posted by SexyMit
                              yeah but after it topped out at like 145.00 somewhere in that range. hope it stays right where its at for a long time.
                              just goes to show you how unpredictable the market can be.
                              Comment
                              • Chi_archie
                                SBR Aristocracy
                                • 07-22-08
                                • 63172

                                #16
                                Originally posted by SBR_John
                                The price of light sweet crude recently had a high of $67.10 and is currently trading at 66.40.

                                Due to many circumstances I am calling the top in this market. An aggressive strategy would be to buy Puts on the major oil companies. One that I sold today after a nice run is VLO which is down $2.10 today. It has an all time high of about $95.

                                My credentials? Well I once stayed at a Holiday Inn.

                                its needs to be a holiday inn EXPRESS...... that was the problem, not any ole holiday inn will suffice.
                                Comment
                                Search
                                Collapse
                                SBR Contests
                                Collapse
                                Top-Rated US Sportsbooks
                                Collapse
                                Working...