The $10 was what DWTI opened up over Friday.Not trading UWTI today. With UWTI i buy in 2K layers so max has been 6K. With DWTI layer in and out 200 shares max 400 so far.
Holding DWTI over the weekend would have been a fast $10 but with risks. I made enough short before lunch to cover the long loss and and a small profit. Just not volatile enough today.
The expert opinions have crude hitting between $10 and $200 in 2015. Who knows it might hit both. The concenius of the Barron's a Energy Roundtable was oil closing out 2015 at $70.
I started a small KMI position last week after years of trading KMP. I do miss the gaggle of lying weasels and the dollar plus daily swings and the big run up to ExDay. Sitting around collecting Dividends is boring as hell but I'll have to get use to it.
Jeff, Take a look at stock of tanker fleets. Demand and rates are high. My plat is NNA ,there are others. Many people with a lot of money are betting on recovery in the short term. I drew my "personal line in the sand" at before Jan. 2017.
....he thought crude was coming off bottom. So another oil expert with another opinion. It's a guessing game but I feel more comfortable long and using shorts for day trade only. It's time for our Obnexious small time weasels to load up on Gasfags Put, he's about through with them.
So far no one has mentioned burglar alarm systems . A burgler in Charlotte wrote a article for the Charlotte Observer saying he only targeted homes with alarm systems and no one home during the day. He used a white contractor van and wore a generic work uniform. A pro can easily disable a system . My two pups while not at all viscous are very loud. I do consider my high maintance, low tech system superior to a high tech ,low maintance system.:)
If enough Capital believes as you it will be a self fulfilling hypothis . It all a matter of human emotion, investors move Capital where there emotions dictate. Keeping 50%+ cash looking for that 20% correction that we were promised years ago.
I would prefer to sell that Put than buy it . If by some chance the Put seller was assigned he could ride $7.20 shares to recovery whenever that may be. I would not wish to tie up Capital in cash backed Put and take the chance of missing out on any upturn. Buying the Put makes no sense to me but someone bought 9 of them Friday.
Perhaps management understates information to analysts or the analyst are poor at there job if this is a reoccurring event.
Keh12955, too humorous. A two post history and you bought not knowing anything about e stock. Now you know it all and will short. Don't worry GasFag will sell you some of his Puts:)
Kel, I thought about conceiled carry as I became older and less able to defend myself, but the responsibility is great. You make one mistake and you lose everything you worked for your whole life. I live in a low crime area and if I felt uneasy I would open carry. I also stay away from problem areas and most places in Charlotte at night.
I ended the week holding a small amount of UWTI because I did not get a sell signal after lunch due to a whipsaw. Ended the day with I long and two short wins with a 10% gain on the Capital at risk. I sold too early on the last short win and missed about $4 but can't complain. Keeping the position small until I get more comfortable.
GOOD RELIABLE INCOME FOCUSED INVESTMENTS? Not sure there is any at this time. If interest rates return to the old normal i would want two years worth of cash in bank CD and the rest in SPY and VTI and then say to hell with it.