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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.
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I think crude will settle in around $70
SBR Founder Join Date: 7/15/2005
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.
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Option trading is the way to go and real safe as long as you are not selling calls and selling puts to open trades
SBR Founder Join Date: 7/20/2005
I predict it will eventually be much higher than this.
Oh yeah, the Canadian Dollar will surpass the US Dollar in value.
Nice call !!!!!!!!!Originally Posted by betplom
How abt a call to that coke snortin ho humpin attorney you hired in CR to go after Lenny?
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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
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lol
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damn this thread is over 2 years old, almost 3.
oh, and nice screenshot compaq.
update, Oil today is 44.86
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.
its needs to be a holiday inn EXPRESS...... that was the problem, not any ole holiday inn will suffice.
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