How do you get ready for that? I mean, is there a dress protocol i.e. brown shoes black shoes, or are the sneakers I got on okay? Cuz if it's the brown shoes I'm gonna hafta polish 'em first on a counna I haven't worn those in a while., and do I hafta wear a tie, or am I gonna need a seatbelt to brace myself maybe... cuz really, if that happens I'm pretty sure I can handle it.
The catalyst for the move in crude was of course the crooks at goldman calling a possible plunge to 20 bucks a barrel.
So in consideration of goldman's past record on such wildly exaggerated predictions, no one took that seriously this time and in fact read to be a surefire indicator to expect a huge draw down. Much like Ricky Henderson after being hit by a pitched ball and feigning a compound fracture of the femur limping to first base with the team trainer on the phone putting in his request for blood plasma and a handicap parking sticker for him... and then Ricky promptly stealing second third and home. Got to where after a while of pulling that stunt, the opposition would automatically pitch out and insteada that parking space, they'd throw him out and hand him an academy award.
Since when did you become a "glass is half full" kinda guy, newman?
I guess that would be more dependent on what the glass was half full *of* though, wouldn't it?
Meaning, I believe Miller time musta come early... for you anyway, like some time before the close and mellowed you out a bit.
Seen this a time or two myself, and yuh know what?
I believe I batted both eyes.
But then again, I was sober.
With crude up nicely this A.M. a flirtation with 17 seems likely today. We've seen how fast this thing can tank even intraday, (and depending on one's level of conviction as to whether the latest move in crude portends a developing new higher range), may be a good time to consider selling some out of the money calls to take advantage here.
Having sold puts last month with expirys today through the first week of Nov. myself and feeling about as flush as one can in the turmoil of the current tempest, it's what I'm thinkin' anyway.
But hey, that's juss me.
So fill in the usual disclaimer.
Don't think I won't.
But only cuz I don't think it'd hurt your feelings.
This geopolitical stuff is making things interesting at present, but it's way too premature tuh take it seriously.
Juss saying *I'm* not taking it too seriously, but the market is showing a bit of an overreaction to it is my take.
You're saying it's technical, which it may be, but other than the 200 DMA stuff (the only TA indicator I pay any attention to with these commodities based cyclicals myself) I say it's geopolitics right now.
And since when have you become such a techie?
Yeah, I know that argument, and if your recall is keen enough you might remember me making it (replete with the "self fulfilling prophecy" line) myself. But it's market fundamentals weather and geopolitics with these shares first. The tech approach breaks down and becomes more unreliable with each response swing as man and machine adjust while the ol' reliable aforementioned fundies in this sector do not.
But hey, if you're having consistent luck predicting the time to plant the pumpkins in the conviction that the phases of the moon are caused by giant mice gnawing at the green cheese at a predictable rate? What difference does it make?
Hey newman. Y'ever think maybe you're the only human and the rest of us are all machines playing our parts juss to put on a make-believe reality show juss for you?
Cuz that thought occurs to me a lot.
Did it myself today. 21 contracts of the 19.50 Nov 06s.
Yours being a bit far out for me, but good luck with it.
Buying the drillers has hardly been elevated to conventional wisdom status since currently the only argument regarding the bad fundamentals is how bad they can get and how long before they turn around, i.e. next year, the next, or never.
That is to say, your status as a weirdo knewman is still secure.
Which is okay by me.
Only I prefer contrarian myself.
If we do in fact see 20 soon with crude going much above 50, better sell some figuring to get back in lower, short or sell some calls. Cuz that IMO would be a short term gift which as I check in today may be a ship that's already sailed to some degree.
But again that's juss me.
So fill in the usual disclaimer. .
Like I said, geopolitics.
16 a buying op?
now @ 15.47? getting better an' better.
That is to say, I'd consul any eager beavers out there to take a few days off without lookin', come back for a peak, see if your impetuousness has dissipated some, an' then calmly reevaluate.
I'd like you to check the reading on your time machine and tell us if you're still in this century (that is, the 21st)... otherwise regards to the Morlocks.
Obvious by now that you studied at the Baghdad Bob School of Unsupported Statements and Wild Inaccuracies in Message Board Posting.
Which goes a long way to solving the riddle as to why you and the bobster have never been seen in the same room together.
Oh, not at all suggesting that you and he are one in the same personage, mind. It's just that no room could possibly witness such competition without danger to the Time/Space continuum.
Okay, it's just possible the earth could withstand such a confluence. I mean after all, we did come through nearly unscathed after a meeting between the two most useless men on the planet i.e that meeting between the pope and obmma. But hey, I for one wouldn't wanna test fate like that twice in the same millennium.
Much better question is why are there always so many buyers as these cyclicals approach a top?
A time when the phrase "This time it's different" comes into prominence.
Now that's a question *I've* never been able to figure out.
Like how you keep upping the ante on a losing hand. Which leads me to conclude that if you have any money at all, it must come from a trust fund, aggressive panhandling, or holding up gas stations and all night groceries.
Which you oughta stick to by the way.
So long as your health holds up you mean.
No matter the news today, the likelihood of a sea change trend reversal developing on any news from it is something less than zero. Although premarket is lookin' pretty good.
btw, either you misunderstood me, or my interpretation of the time frame confusion of what you're tryna say is, well, confused. That is to say, yesterday's volume and what happens today is not at all relevant to what I said. So if you made a point there it was lost on me.
But that's okay. I'm wunna those guys, I guess cuzza my short attention span, who whenever the impulse to scratch my head arises, juss moves on tuh something else.