130.00 IBMTF (IBM Puts) August. You know it's coming back down to around the $125 range, IMO.

75.00 BAHO (BA Calls) August. Dirt cheap right now.

Agree 100%. I don't care which way it goes. If after earnings the stock doesn't move at least 15+% one way or the other, you're red. I'm surprised that anyone holds into earnings any more when you know you can get better prices the day after.

.GMTR GM AUG 7.5 Put's

I'm down on these but I have added today. It's coming back down, IMO.

Gosh. If only Rufus had let the shareholders know that the only business at hand was to burn the shorts, maybe he wouldn't be in trouble for fraud. LOL!

The whole CSHD position was a play by Rufus to burn the shorters. From day one that was his plan.

Wow, look at this: http://investors.overstock.com/phoenix.zhtml?c=131091&p=irol-stockquote

I don't know if shareholders of Overstock.com wrote or not but look what that stock did and is doing by simply having a viable business while fighting shorty. LOL! And we thought RPH was a bad ass in the market. Well, let's compare:

http://finance.yahoo.com/q?s=cshd.pk

Ouch!

Laugh all you want. Patrick Byrne cried for years and got nowhere. But when constituents wrote in throngs to their representatives thats when things started to happen. Overstocks shareholders didn't write.

Question - What's more important to shareholders? Someone fighting NSS quietly (in comparison, of course) and running a real business or Someone that is screaming about NSS yet can't quite prove a damn thing or run a business? Ask the bag holders which stock they'd rather have/use and their's your answer. Of course, you'd have to depend on honesty with that question.

Please never again compare Overstock.com's fight against NSS with that of CSHD. That's just ridiculous as CSHD was NEVER a win for shareholders that held past the halt.




_____________________________________________________
As long as we read only that with which we agree, we learn nothing. - Chester Dolan

LOL! All the OTCBB shareholders sent letters to the SEC about NSS over the course of 2 years regarding CSHD and the SEC tells the world they are going to crack down on NSS practices on the big boards.

With no mention of Rufus, OTC, Pinks, or wiley shareholder letters. But Rufus was the cause after all that time. Yeah, riiiiight.

but the activity that you are all witnessing regarding short selling is a direct result of Rufus' efforts. All the letters that were generated by shareholders on his behalf have led to were we are today.

Funniest thing I've read all day.

GM is running hard. Thinking about some calls but I'm thinking it will tank again. Thoughts?

I'm just glad nothing's changed with CSHD. LOL!

Can't wait to see the info.

What???? What's this "cannot divulge the info for obvious reasons" crap then?

LOL! If you can DD it, you can share it. I think you just pulled a Rufus. Hehehe That's how he enticed/held onto a lot of followers. And always unverifiable.

as I cannot divulge what I know publicly for obvious reasons.

Someone knows insider info on CSHD only to post that they know "something" on a public board but advising details can't be made public yet?

That's weird for CSHD. LOL! But one question. Did you actually see verifiable facts to back the info you have or is it something Rufus said?

I was wondering the same about BA. LOL!

The situation presented was hypothetical and maybe not the most accurate analogy. Fact is, Russia and Iran have mutual interests. To ignore their reaction is foolish.

I agree. But to suggest Israel, whom is surrounded by multiple nations (many with mutual religious/political beliefs) that want Israel's total destruction is even does not even come close to reality.

Here's a joke I've heard: And God gave the Jews promised land forever... Right between Iran, Iraq, Saudi Arabia, Egypt, Jordan, Syria and Lebanon. God is GOOD!





_____________________________________________________
As long as we read only that with which we agree, we learn nothing. - Chester Dolan

Who was surprised? I think most of us knew the supply was beating the demand. Doesn't matter though. It will jump right back up, IMO.

Oil prices tumble again on US surprise supply jump
Wednesday July 16, 10:44 am ET
By Adam Schreck, AP Business Writer
Oil prices resume slide, falling sharply after US reports unexpected jump in crude supplies


NEW YORK (AP) -- Oil prices are tumbling, extending a massive sell-off the previous day, after of the government reported that U.S. crude supplies unexpectedly jumped last week.
Light, sweet crude for August delivery is down $6.44 at $132.30 a barrel in morning trading on the New York Mercantile Exchange.

The Energy Information Administration reported U.S. crude oil supplies jumped by 3 million barrels last week. That is the opposite of the 3 million barrel decline analysts surveyed by energy research firm Platts expected.

Gasoline supplies also jumped unexpectedly.

I think that would depend on why a foreign power bombed Mexico (or Canada for that matter).

If Mexico were full of religious facists declaring death to all of Central America (for example of course), and Central America as a whole was an ally of China, I believe the U.S. would make some moves to quell the Mexican rhetoric to avoid an attack.

Your rhetorical question leaves out the fact that Iran is a dangerous nation to one of our allies, Israel, whereas, Mexico is just an internally corrupt entity.

Also, Iran is a sponsor of terrorism whereas, Mexico could loosely be considered only a state sponsor of drug distribution.

I believe the only folks that want to bomb Iran (specifically Nuclear facilities) is Israel rather than the U.S. I wonder how Russia would react if their strongest ally in the ME were to attack Israel? IMO, Russia would ask Iran to stop immediately so as not to get the U.S. involved. No one wants war.

Oil taking a breather here:

http://biz.yahoo.com/rb/080716/markets_oil.html

"When the price of oil hovered around $100 a barrel, we were already unhappy. Imagine what we feel now, when there is talk of $200," he said.

Oil's six-year rally has been driven partly by ballooning demand from developing economies such as China and India.

But consumers in large economies like the United States, already feeling the pinch of the credit crunch and housing crisis, have begun to scale back on energy use, with retail gasoline demand down more than 5 percent last week from a year ago, according to MasterCard Advisors.

"The market is coming to the realization that OECD demand is going to start contracting, even OPEC has trimmed demand growth," Pervan said.

OPEC on Tuesday cut its global demand forecast for 2008 for the fourth time this year, adding that consumption would continue to slow in 2009.

You ever read the Constitution?

Section. 8.

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow Money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;



Based on your post, it sounds like you've been accused of being a socialist. And now you feel vindicated for that belief. However, like a socialist (dare I say Marxist?), you probably know more about the Communist Manifesto than you do the Constitution who's rules you enjoy today assuming you live in the U.S.

Now, you will probably study up on the CONSTITUTION and try to make it a living document to support a socialist viewpoint. Would I be correct? LOL! That was an easy last free post of the day.

Buying USO calls on drops must be the easiest money in the world. LOL!

Never thought my USO puts would pay off so quickly. Within an hour or so today.

I wonder if oil's increases are slowing down and will start reversing? IMO, seems there will be a lot of pressure globally to slow down the speculative influence on oil.

Well, just bought this with my winnings. LOL!

.IYSGK USO JUL 115 Calls

My guess, it sees 115 tomorrow.

Hold on a second there. I thought it was supply/demand of the actual commodity that set the price:

NEW YORK (AP) -- Oil prices are tumbling as traders dump the commodity amid concerns about the economy that are also driving the stock market sharply.

http://biz.yahoo.com/ap/080715/oil_prices.html

I rest my case on who sets the prices for oil. Of course, the price at the gas pumps won't follow the drop nearly as quick as they followed the increases. Funny that.

The only supply/demand I see on oil are for the contracts themselves;)

OM - You have to be adding at these prices, eh? From here, at least short term, you would make a bundle when it goes back to $117 (USO that is).

Yes. But they are drilling also. The wells didn't appear magically in Saudi Arabia, thus they won't appear in the U.S. without exploration and drilling.

This should shut the "no drilling because it takes 10 years to produce" crowd up...

The ANWR debate started... drum roll please... TEN GOD DAMN YEARS AGO.

No more wasted free posts on the short sighted today. LOL!

I disagree. Speculators buy oil contracts based on what they think it's going to do. If speculators buy, the price goes up.

Whatever price is on the commodity bulletin board at the end of the day per the value speculators put on oil, that's the price oil companies sell the commodity. Since that's daily, there's probably a formula for it based on cycles. But rest assured, that price is based off of speculators.

AP
Oil prices tumble more than $10
Tuesday July 15, 11:18 am ET
By Adam Schreck, AP Business Writer
Oil pulls back sharply after early highs, falling over $10 at one point on economic fears


NEW YORK (AP) -- Oil prices are tumbling as traders dump the commodity amid concerns about the economy that are also driving the stock market sharply.

http://biz.yahoo.com/ap/080715/oil_prices.html

I rest my case on who sets the prices for oil. Of course, the price at the gas pumps won't follow the drop nearly as quick as they followed the increases. Funny that. Some here may say that's Bush's fault also. LOL!




_____________________________________________________
As long as we read only that with which we agree, we learn nothing. - Chester Dolan

I never expected it would drop TODAY. Damn. Ringing the cash register here.

Drill, Drill, Drill = what's going on with other countries that explore for oil.

What's your problem with the U.S. doing the same thing? You want oil prices to go up or down?

Most of today's oil price increases have come from speculators. You allow the additional exploration, speculators will sell their contracts and bring prices down.

The price of oil TODAY is due to what's speculated on 6 months to 2 years out.

Whether it happens now or later, you show speculators that the U.S. will be working towards increasing oil production, the prices will come down. Bush has taken the first step to help. It's up to congress now.

In other words, McCain is right on. The psychological effect will convince speculators to sell, sell, sell.

.IYSTF USO AUG 110 Puts

Between now and August, I have a feeling supply fears will be going away. Look for political rhetoric from the candidates to help quell the fears also.

.GMTR GM AUG 7.5 Puts

GM's in BIG trouble, IMO.

Posted by: samaelrocks Date: Thursday, June 26, 2008 4:27:58 PM
In reply to: None Post # of 29054

10k's, here we come. Better buying opportunities coming, IMO.

With these drops the last few weeks, seems any pops aren't really worth the risk and if you get in the calls just a little too early, you'll be lucky to break even.

Good luck guys and good weekend. I'm out of here for a few weeks.



Less than 1k down to hit the 9k's. OptionMonster, your $90 Dia puts should see some nice green if they are August expiration, IMO. I wonder if the market sees a reversal going into the Fall and election?

IMO, the SEC needs to put a halt or at least watch "analyst opinions." For example, Goldman Sachs destroyed about 5 stocks the last few weeks. One of them was Boeing. The same day the analyst downgraded them to a sell, Boeing announce 10's of millions in new military contracts.

Hell, if an institution wanted to, they could cherry pick any one of us on this board and embelish our trading record publicly. Then let us write an opinion on any number of stocks that would help whatever position we/the institution owned and voila! Instant returns.

Better yet, the SEC should focus on removing the "supply fears" rumors of oil disappearing from the earth before we're done with it 20 or 30 years from now. Oil speculation is ridiculous.

I don't believe the SEC will fund enough people to be remotely concerned about pink sheet companies though. Unless they impose the death penalty on those that manipulate stocks, that corruption will remain on all levels and the SEC's focus will remain on the Big Boards.

I think you could buy it on the grey market. Still a POS but they just issued a new PR to intice new buyers to replace those that are ready to sell. LOL!

People are just removing their money from the market, period. That's what it tells me, IMO of course.

BA should drop like a rock now. They just got 13Billion in new orders from the Middle East:

http://seattle.bizjournals.com/seattle/stories/2008/07/14/daily1.html?ana=yfcpc

Two Middle Eastern airlines buying $13B of Boeing planes

Couple that with successful tests with the Dreamliner and BA is a definite SELL:

http://us.ft.com/ftgateway/superpage.ft?news_id=fto071420080612469850&referrer_id=yahoofinance

787 Dreamliner: Boeing levels off after losing altitude

Big board stocks do that all the time. IPI was a recent one. Interestingly enough, that stock shot way up and held it's value.

GOOG shares change hands at an average of over 5 million per day. Considering the float and institutional ownership, that OS flips every 40 trading days except for after it's kick ass earnings when it flipped 3 or 4 times over about 20 days.

LOL! What I don't understand is how so many traders still don't understand how/why stocks trade. Stocks trade every day switching hands. Some faster than others. What is it that you don't understand?

No. Whoever sold when the price was high has the money. Neither the MM's nor brokers have anyone's money unless they had their own shares to sell. However, my guess is they simply did their jobs and got the commissions for it.

RPH is simply the reason the Price became worthless over night.

Good article. This conservative agrees with everything except the Geopolitical argument placing blame on Bush. What Bush has done that I'm not happy about is sign every spending bill that crossed him while lowering taxes. Lowering taxes is the right thing to do but not when your spending money on pork and I'm not talking the Iraq war either.

There's always been unrest between Israel and their surrounding Muslim countries and oil has not shot up. The Iraq war didn't cause oil to shoot up.

What caused oil to shoot up is exactly what your article focused on. Speculation and the weakening dollar. Now, you could pin the blame on Bush for the weakening dollar due to his spending rampage. But not for the Geopolitical unrest in the Middle East. In fact, 9/11 was planned before Bush took office and happened 9 months after. 9/11 had an impact on oil but nothing compared to what speculators are doing to it.

Geopolitical Stability between Muslim and Jewish lands never existed. LOL!

And, you won't hear many Democrats bash Bush over increased spending. Why? Because they LOVE spending.


_____________________________________________________
As long as we read only that with which we agree, we learn nothing. - Chester Dolan

I see the DOW dropping to the high 9k's. Perhaps next week, I'll put some money on that opinion. I don't think it's only oil prices that's killing us though. We are in big trouble, IMO.

Hate to say it but I think with Bush's spending plus the tax cuts, the national budget is in the toilet. That won't change until McCain (hehehe, won't debate that here) wins and raises taxes or cuts spending. I believe the state of our country's budget is the killer here more than just oil.

Really well, thanks. I highly recommend visiting Crater Lake, the Lava caves, Trees of Mystery (Redwoods) and fishing in Medicine Lake for trout.

If you can handle a lot of snow, any valley in Northern California would make a nice retirement location. Just learn to dodge Deer and Coyotes. LOL!

Barely looked at the market the last few weeks. I see BA is still down and the Market as a whole is in the toilet.

I'll see what my BA calls do this week into expiration and sit at cash for a while.

I think the goal is complete. I don't believe Rufus will be able to successfully run another stock scam with all the info on him available on the net.

Rufus, IMO, was hoping the bashers would go away so he could grab another ticker and scam some more folks.

He's done.

Look for some BA calls:

http://biz.yahoo.com/rb/080714/airshow.html?.v=1

"Boeing wins $4 bln FlyDubai deal as air show opens
Monday July 14, 6:25 am ET
By Tim Hepher


FARNBOROUGH (Reuters) - Boeing Co (NYSE:BA - News) struck first in its biennial battle with archrival Airbus by securing an order for 50 single-aisle 737 airliners as the world's biggest air show opened on Monday in Farnborough near London."



IMO, BA is at the Goldman Sach's bottom.

10k's, here we come. Better buying opportunities coming, IMO.

With these drops the last few weeks, seems any pops aren't really worth the risk and if you get in the calls just a little too early, you'll be lucky to break even.

Good luck guys and good weekend. I'm out of here for a few weeks.