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Random Quote: so what you are saying is, its exactly the same but completly different......
thats one of them, theres another one I mention 50 bucks and in Private IM's also.
I was swiming against the tide with my prediction, so I stop
replying to the 200 doll oil post's.
I'm also not a genius, however I knew the peal oil theory
was plain BS...
some of those 200 doll oil are worth revisiting for chuckles.
theres another guy on the forum that said basically the same thing and he also
stop swiming against the tide.
Of course, who ever thought in their wildest dreams that gas would go back BELOW the prices they were before Katrina in 2005?
Fidhook He called it a year or more in advance.
Thanks, I expected somehow OIL to drop to 50/60, below 50 I wasn't expecting.
if it does not stabilze around 40doll/barrel, 25/30 is unlikey, however possible.
On the way home tonight I heard analysts on the radio saying that oil will go down to the 20's. However, if analysts are saying it then I doubt it will happen.
Of course we are all glued to your next prediction oh great one.
I shorted oil back in April, and posted about having a short position a few months ago when Oil was kicking at 150 a barrel. I was betting on $60.00 barrel by mid-Nov. I won.
No, it does not make me a genius, it makes me nothing other than some profit.
I am going to short oil again, because we will see 23 - 25 bucks a barrel before we see it march back to 80-ish levels.
Hay nat, wanna piece of that action?? Oh yeah, I forgot, you only preach, you don't practice.
Big Al
I don't know shit, but I did cash the check
Opec cut production and convince non Opec members to do the same.
still is possible for oil to go lower.
Post-election, BO gets elected, DJIA will head south to around 6500 for the holidays. Stocking up on firewood and liquor. Gonna get me a new gun for x-mas.
The only thing I had wrong was the timing. I sure am glad I shifted everything out of the market last Spring - when I was down 6% for the year . . .
Look for a 5,000 Dow. As I've said in other posts, the gross over-valuing of companies that produce nothing of true value (is starbucks really a market leader? Come on!) and essentially are created with smoke and mirrors are toast. The old "dogs" of the market, sound companies that aren't sexy, will be the "new" norm. And to those of you who claim to be able to "call? the bottom, keep this in mind: the bottom of any bad market is not a point as you so foolishly claim, it's a period. Pay attention folks, there is a shitload of money sitting on the sidelines and those of us who've been smart will make it pay. 5,000, watch it happen, especially if these tax-fattened asshole hyenas in teh gubmint keep phukking with things. Good luck and make money...
Now I'm thinking 'maybe' because the bottom will likely be sometime next year, and now potentially below 4500.
Yep. I'm calling in the 5500-5800 range in the next few months, a pretty strong dead-cat rally, probably in the fall through 1st qtr next year, then back to old lows, quite possibly the 4000's.
I'm not taking sides on the Peak-oil discussion, but one thing is hard to argue against: sub $60 oil will and is curtailing investment in future production. Betting against $100 oil in the next 24 mos is dangerous; especially in the face of a stock rally, and rising confidence in the economy, when that time comes.
I'm not taking sides on the Peak-oil discussion, but one thing is hard to argue against: sub $60 oil will and is curtailing investment in future production. Betting against $100 oil in the next 24 mos is dangerous;
Several of the larger engineering companies have/are laying off personel because the petrochemical plants have cancelled all the capital improvements for the near future!
__________________
"Of all tyrannies a tyranny sincerely exercised for the good
of its victim may be the most oppressive." ~ C.S.Lewis
Who can know? There is something like a Quadrillion dollars in derivatives floating out there on the global market. How can anyone make a judgment on our stock market when that CEO's of our financial co do not even know what the exposure is? I am not smart enough to understand all this but I am smart enough to stay away from stocks until I do.
How low would it go before trading is suspened? Is it possible to have a free fall crash? I know they can hit a "button" to suspend trading. Has it ever been used? I know the sEC can suspend trading for 10 days to protect investors. How low will they allow the whole market to go. It seems that billions are lost now.
Kingair These are the stops listed using the dow jones industrials for the first qtr of 09. -850 points before 2pm,closes 1hr,between 2-2:30pm closes for 30 min,after 230pm no closure, drop of more than 1700 points before 1pm closes 2hrs, between 1-2:00pm closes 1hr,after 2:00pm closed for the day.Could we have a waterfall collapse in the markets?In my opinion very easily.The stock market is broken at this point and will stay that way until faith in the gov't is restored and the free markets are allowed to function.There have been trillions lost so far.
Gm is a good example of a company that I think will only survive through bankruptcy.If the govt would force them into a prepackaged bankrutcy it won't be so bad,if they outright file it will crush the markets.The govt is pouring money into a blackhole when dealing with aig,gm,and similar companies and it needs to stop.
There is more than one way to make a profit Fid, Don't get too cocky and put all your eggs in one basket............
Nat, RCL is already 20,
I said gold will drop, I was wrong on that, however
I'm looking for the post
that I said oil will go up to 75, when it was 40's, and then start to slide.
Thanks, I expected somehow OIL to drop to 50/60, below 50 I wasn't expecting.
if it does not stabilze around 40doll/barrel, 25/30 is unlikey, however possible.
this was the time the experts were predicting 25...
theres another post I said it will trade at 40/50, and when the economy gears up 75 ws possible...
things have improved, however oil should not go over 75...
I already spend 2 hours looking for that post, I will give it a try again tomorrow.
Last edited by fidhhook54; 08-28-2009 at 09:57 PM.
If there is any glimmer of improvement in the economy, Oil will likely run up to $100/barrel with ease. Demand is way down and inventories are very high.
We're mired in a terrible recession yet it's trading around $70/barrel.
__________________ . . . . . . BALLYHOO PIN RIGS For SALE HERE 10 pack:
If there is any glimmer of improvement in the economy, Oil will likely run up to $100/barrel with ease. Demand is way down and inventories are very high.
We're mired in a terrible recession yet it's trading around $70/barrel.
That's because the price of oil is again being manipulated, look at the price of natural
gas.
The improvement altready took place...
RCL was 6 is now 20
BAC was 2.57 is now 19
IP was 3 something is now 20
HOG was 6 is now 20
GS was 47 is now 160
CAT was 21 is now 47
SSP was 67 cents is now 8
Crox was 79 cents is now 6.50,
plenty of stocks triplicate and a few went up 10x since
March.
As somebody used to say the economy is fine.
I don't believe oil will reach 100 doll anytime soon again,
Chavez says that, he also predicted
200 doll oil, 100 doll oil will make the recession that is easing,
bigger again...
What killed the Global economy was 147 doll a barrel,
if it gets around 100 doll a barrel the same problems
will take place.
Last edited by fidhhook54; 08-29-2009 at 11:32 AM.
Re: I'm Calling The Bottom 
He called it a year or more in advance. 
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