It's good for the oil companies too because their expenses to produce and deliver oil have dropped proportionally too. Besides that, they have already sold their oil in the futures markets a long time ago. For example, they could have sold at $65.00 or even $80.00.
I'll explain why at below $175 on Friday.
One force if falling oil this week.
New low by Thursday with a slight "bounce" on Friday for the liquid.
it's too bad for him.
sometimes there are employees who end up not liking the hand that fed them.
like people who hate america but will not leave.
here's something you might not know.
to the "hypothetical" trader who sold 500,000 short the other day at $55.17.
so, the sale would simply be reported as 500,000 shares traded at $55.17, although the mm would simply take the other side of that trade. so it would be entirely possible for not one of those shares to be actually bought or sold on the public exchange, just a reporting of such a sale. in other words, you'd never see it on the buy or sell side. it would simply be added to the volume of that day, at the time of the reporting of the trade by the mm.
does anyone in here understand what I mean?
and btw, at todays close of $56.65, you would now owe that brokerage house $740,000.00
You simply do not understand investing 101.
Here's something to consider:
There is an "accumulation" stage that occurs.
These accumulation periods take time.
Then, and only then, does the market "naturally" drive the price higher.
Just like when BAC was at $3.00.
It took time to go above $4,$5, $7,$10, $13, etc.
It takes time.
My posts are my opinions, FYI.
Do your own DD.
I see oil going to $22 before July 2016
I'm expecting $22 to be the very bottom for crude.
My posts are my opinions and do not reflect the opinions of Yahoo! , or of Yahoo! Finance.
Cars were driving at 80 MPH in the 1960's.
Why aren't they going much faster in the 2010's?
Is there a good reason for a speed-increase deficit model3lover?
But Amazon trades way down.
I told you this would be happening but few ever learn.
Looks like I'm the only person still following your trade.
At todays close of $55.75 you'd be out $290,000.00
Assuming that you had sold short at $55.17 like we had talked about.
So, at what target would you have your stop-loss order?
& would you have hedged with some call options?
At least I made a big pile of money on most of my call sales.
I wonder why we are hovering $9 above the 52-week lows.
Oh, I know... Because the MM's are selling tons of TSLA now.
Happy weekend to all.
Next week will be very exciting.
& most of all, I hope everyone had fun trading.... Yes, even model3lover.
At over 700 MPH?
What planet are you from again?
Do you know why this is the case?
Or wrong twice a day. In my case, it's more like twice a month.
So, why do you feel you have such shortinsight?
Did you do something wrong?
You buy my calls the other day?
Thanks for the cash.