How about that EOW rally? ;)
Asia up again today! Wouldn't it be amazing to watch options Friday get F'ed up this week due to the bulls? As it did last week with the PANIC. That volume at EOD today was strong if the indexes run tomorrow there is not reason FEYE cannot hit $44.
GL to you sir you watched the DWTI train start focusing on the UWTI train before it leaves the station.
Oil is the trading stock of the stock of the year and to have the options available of DWTI and UWTI is simply unbelievable. A 3X ETF with such a minimal cost a person can make more than a great option trader.
Watch, learn, trade. Share.
If you are not tired and stressed everyday you are not trying hard enough. :)
Since my parasite ruined every thread on here I thought I would starts a new one.
UWTI is a good buy at .9 IMO. I think the boat may be missed if you try to wait for $.80-.85. Both crude and the indexes had a SEVERE overreaction! I would not trade both sides risk is too high with DWTI I would wait for a jump and sell for a loss never fall in love. Crude should establish a short term range $40-43 I would trade these levels with UWTI only you do not want to be holding DWTI when the bulls push through.
The Saudi's stated they wanted $40 crude and they got it twice! Because the Saudis run the price of oil. Anyone who disagrees is foolish. Keeping it at $40 is almost impossible oil at that price there is no reason to drop your price the population is more than willing to buy it at $40 and it easily puts the American companies they wanted out of business. Under $60 the American companies cannot make money! And the Saudis do not even notice whats the difference between a few trillion $ and a couple trillion $!?
We were all waiting for a correction and we got one now. Armageddon was not in the cards and this was all PANIC selling! Example is FEYE it should have never broke the $38 level. The dow has no reason to be under $17K let alone in the in the $15s! Cybers are about to run and run fast! I am still looking for most to see EOY ATHs!
GL Sir I may be right or I may be wrong it is the market after all and the dow did hit $15s! JOKE IMO.
The trend became obvious today... LOOK at the time of this post not to mention my other posts about oil Mon-Wed.
PDB let me give you another lesson.
Oil is bullish CRUDE oil, NOT oil companies. Companies go broke with oil under $60 especially companies like SDRL and WLL.
Sorry unsecureconnection the Daq is up around 10% from its recent low.
FEYE is up around 30% from its recent low.
That's 3 to 1 IT IS OUT PREFORMING! Period.
Also betas are averages they are not day to day price action. FEYE is GREATLY out preforming the markets. That $38 level never should have been broken FEYE is about to make a huge run.
From every single one of your posts it is clear you have no idea about the market or trading.
PDB again I do not read novels you have already proven you foolishness stop ruining every single thread. People see what I post you do not need to try to convince them otherwise.
I said $38 levels months ago chief or did you forget that?
Unlike you I make my calls before the action as I did with UWTI this week.
FEYE is up 33% in just a few days it is not under preforming it is over preforming and we are just getting started now that all the retailers pannicked and probably sold when feye broke $38 it is time for the funds to do what they do best and take advantage of the unwise.
Look at that closing volume if it wasn't the options circus tomorrow this would run to $44. If the market remains bullish tomorrow we still may get there. The market got the correction it was looking for now it is time to sit back and enjoy the ride.
Like that TSLA short at $253? Made over $50 in 1 week....
The majority of my FEYE shares were purchased at $25 but you are right I did buy some trading shares at $47 with a note that I was leaving plenty of dry powder in case the head and shoulders played out I have added to those trading shares as I said I would. Always see the two different outcomes and leave yourself options....
I am red in my VDSI at $20.35 if needed I will add to this near $14.
My last trade in VDSI was very profitable and it started -20% also. I have made trades in both VDSI and KEYW with great outcomes and people call them the "worst" in the sector.
My oil timing was very good on my short and I said Monday I thought it was time to change over to UWTI I may have called bottom we shall see.
There is no such thing as too many ideas and you consistanly complain "this is a FEYE board". The fact is DWTI would have saved people over this correction. It was a more than a good play it was almost unbelievable!
My other post is more specific but I would not trade DWTI anymore wait for pull backs and trade UWTI oil has turned bullish and UWTI is a much safer play. I think crude will have a short term range of $40-43 eventually heading higher.