if you listened to me, you would have sold your RIG a long time ago and wouldn't be in so much pain. if dez listened to me, he wouldnt have bought HERO at $3.30, RIG at $40 and UCO at $26.
bryan listened to me when i told him not to buy UCO when it was $12. i bet he's glad he listened.
just watch the weekly and monthly charts on oil. until it breaks out of the downtrend, dont try to catch the falling knife. its hard being patient, but patience has paid off so far.
"Thanks -- I am still waiting on oil to bottom before I go long any oil ETFs"
and, how do you know when there is a bottom?
dez called the bottom at $87. still have no idea what he was looking at, but it has killed him. oil has dropped over 50% from where he started accumulating his UCO and all his drillers. add in the decay in UCO, and he is down over 70%.
even tho oil is still $3 over lows hit 2 weeks ago. and you people are trying to catch that falling knife?
bryan, you are most welcome that i was able to steer you away from that horrible trade you were considering.
as for the 1 monkey that bought UCO at $23 and $16 and $14 and $10....
thats a shame.
possibly, my biggest regret was putting in that limit order on DTO at $94. i know i made 150% on it over 18 months, but sometimes i'd like to be greedy to really maximize my profits. DTO could easily it $150 while UCO drops to $2 in the next 2 months and HERO drops to 30 cents and RIG hits $8.
anyone long copper is going to start feeling real pain in the next few weeks, especially if copper closes under $2.60 next friday.
at least dez has his HERO to gloat about. afterall, after dropping 80% since he bought, it has popped 10%, or 7 whole pennies in the last 2 weeks.
"You know, if they just allowed some pain back in the 'crisis' years, we may have well been in a real recovery by now."
thats brilliant. of course, that is what i've said many times.
at least you are smart enough to plagiarize me instead of one of the simpletons here.
the 30 year hits a new all time low. i guess the bond market thinks printing 1 trillion euros is a waste of time since the deflationary vortex will just swallow that like it was nothing.
and oil and copper make new legs lower.
"you seem to be the only poster talking about crashes.whats up with that buzz."
buzz needs the markets to crash for gold to go significantly higher. he's the only one that is "positioned" for a crash. its not our fault he was the only person dumb enough to buy gold at the exact top at $1800.
the rest of us TRADE (a concept only guts and I apparently understand) on the bearish side and book gains when we feel the tide is about to turn back up. trying to explain this concept has gone on deaf ears.......people like walker, larry and dez are simply toooo stupid to understand.
not larry. not dez. not buzz. not capt walker.
they've posted their trades. and, even tho they are bulls, they've all somehow managed to lose a ton of money and get kicked in the nuts repeatedly. if you're going to throw all that money away and get kicked in the groin, at least hire a stripper to do the job instead of a 70 year old fat cow or 60 year old fat italian man.
so, i'm not sure why buzz continues to post his nonsense. a 4 year old has more critical thoughts than buzz (and capt walker).
oil and copper tanking. oil supplies now 12% higher YoY. i guess low prices arent spurring any increase in demand.
the ECB printing money to pay for a country's purchases from 5 years ago isnt going to spur any FUTURE demand for debt or inflation.
the 30 yr has dropped 14 points and the 10 year is down 12 points since the ECB announced it will buy bad debts and spread the losses around.....
does everyone remember this brilliance from walker? spx went on to drop from 1970 to 1810 in 2 weeks as walker proclaimed the bottom was in.
you really are a stupid mfer, arent you?
i even give you my trades. when i buy and when i sell. how many shares. what prices. if you had the tiniest of brains, even you would be able to do that math. or, is 2nd grade math beyond your skill set?
obviously, dez is just the latest casualty. remember krissy and cdv. both of them lost their lives because of aapljack. there have been so many gold/oil bugs over the years that sided with aapljack, only to lose everything because they followed his advice.
this wedge continues to play out. resolution likely early next week around the 9th or 10th trading day after my original post.
i'm betting on a vix spike higher.
where is dez? did his unlimited firepower finally become limited? did he blow thru his entire trust fund and have to find an actual job?
seriously, no one could take the hits he has and even try to pretend to have a clue anymore. im betting thats why he's gone.
after losing 90% and getting kicked in the nuts repeatedly since May, 2009, it appears bryan is looking for something that will just castrate him and get it over with.
UCO will do it.
i bought ZSL.
i shorted silver instead of gold. and, it really paid off. silver dropped 70% from its highs compared to gold dropping "only" 35%. see, i even pick the right PM to short.
dave, you should be happy i rec'd gold. afterall, you're only down $500 now instead of $600.
i still cant believe you were stupid enough to buy at the exact top at $1800. at least i cut my losses on tvix. you......you and the others just stayed long......continuously getting kicked in the nuts for over 24 months.
talk about stupid. you might not be as stupid as dez.....but you are close. dez is in a class of complete idiocy all by himself.
anyone want to bet these calls expire worthless?
and larry loses all this money......
instead of buying puts at $87 to protect gains, he buys calls at $15 to try to salvage his investment.