May Stock Talk III

Gunners,

That is true, thus buying Sept calls or 1/4 positions of stock is wiser and that is how I am approaching this.

Sept calls or Jan calls or even longer out.

What stinks is as a country we just have no clue..congress has no clue. I have more of a clue than they do.

Congress looking at oil and OPEC as a political issue, it is NOT political issue, it is an ologopoly supply and demand issue. Either increase supply or decrease demand, anything else is STUPID.

 I agree with Gunners as well...frankly, I have been mystified by the previous run up in the overall market, but will never turn down moves in my favor in PBR ACI and others.

 To see a bloated buffoon like Patrick Leahy, who has been around throughout the decades of non-policy on energy, pontificating on the evil oil industry...well...the public gets the representation it deserves, and we are ruled by fools...our government is comprised of the best and the brightest, but the worst of society.

 And what a rude awakening it is for the average American to suddenly realize we are only one of many who can and must pay for oil at a price even close to its true value...

That should read NOT comprised of the best and the brightest..." hell it is late, and I can't believe the Spurs gave that game away.They covered, but shoulda won outright...

Still riding the SKF up,stepping off when I feel it has played out (when some other clown announces the end of the financial crisis)..Whenever it has gone under 100, I get back on.
I see it, yet again, going above 112 and then move to 117 quickly.

I remain convinced (as ever) that the financials have much more losses to announce and eat.

PS

Same for SRS..., resistance at 90, going up, bands are ,and I think it heads north.It is volatile as hell, however...

I would say play those ETF's in the channel until it breaks, using a stop below the channel and see how it goes.

This has to be like 5 trips for you, right?

100 posts in two days, this is like a few months ago.

ccl - dont worry, oil will go over 135 and you'll get your panic selling back to dow 12.6

 Wall

 I think it must be 5 but I have lost track...damn thing like and elevator up and down.

 I think technically we are set up for a bounce back, or so most of the techs I sorta/kinda follow thought last night. But a couple reiterated the SKS.

 And one is (I can't go along with this, because I simply still think oil should be around 200 bones a barrel) stating oil is overbought.

  No end in sight for real estate, at least between here and ATL.

 

  It s become almost a mechanical trade for me at this point...SKF under 100? Buy...roll up...get off....repeat...

  I am beginning to wonder if it is not time to short the oil sector.I remain a bull for oil, but the run up in oil stocks has a real toppy feel to me. I am considering it.

 LAatly, I feel like I am The Cooler re DRYS.I buy an option, and it plummets LMAO!!!



 

Vermeer,

Yeah I am a cooler as well, got in early like I ALWAYS do, stock and options.

Lucky these are Sept's we have plenty of time.

I think the dip is coming now, we are weakening...

Talk about pathetic stupid..

I went to buy more DRYS at 93.70 and hit sell instead.

So I sold the shares, and had to buy back 50 cents higher.

What a retard.

"That's why I think this crisis is so serious. The Fed's power to intervene is limited, Soros says.

Soros anticipates further sharp declines in housing prices. "Americans ultimately won't escape this episode without suffering a noticeable decline in their standard of living,he warns in an interview with USAToday.

Soros says the Fed's efforts to pump cash into the banking system to ease liquidity and the government's $168 billion economic stimulus package, including millions of tax rebate checks, will not be enough to ignite a recovery.

What's more, he adds, even as the clean-up continues, new bubbles are already forming in commodities markets and perhaps in China.

The Asian giant faces serious domestic inflation and export weakness if the U.S. downturn spreads abroad, Soros warns.

"China is not immune to the worldwide dislocation that started here, he says.

As for his own money, Soros has put most of it in the hands of other managers in the form of an endowment fund. But he's back in the game in this market, he tells Money.

"I came out of retirement and set up an account to hedge their positions, he says. The strategy then was to short the dollar and U.S. and European markets and to go long in emerging markets.

"That worked last year, but this year bonds kept going up and emerging markets down, so I'm about even, Soros says.

Then it goes lower, I added more but geez I am making mistakes all over the place.

SOLF down 5 bucks..

DRYS almost down 10 today, holy crap.

Gunners,

It sure looks weak in general.

I read that China is playing hardball regarding Ore imports..so the whole group getting nailed, add that two names placed secondaries today (TBSI and GNK) it was a bad combination.

Depeche,

You still holding Irobot?