Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ok got it. Levels set.
looks like we may get those levels today TMM. KAm thank you for you reply.
So if in anticipation of the meeting on Sunday oil rally's to about $43-$45 and then a big let down at the meeting causes it to drop pretty hard next week, shorts can cover at a profit if they are short into the low $30's right? Provided the price gets there? Then the cover of the summer driving season and maybe unilateral agreement between a few big oil producers in a few weeks to freeze (rather than admitting that your production capacity is at max), causes a run to $50-$60? Is that too far fetch?
Hmm makes sense. But does the benifit to shorts increase from a drop beginning at a higher price? Say same show seneario.... $100 TMM shoes sold for $50 bought back at $30... So if you sold it for $60 and bought back at $20 you make more... Does the same go for shorts. If I call oil going to $20 do I make more shorting from $45-$20 than from $38-$20?
TIA for your response.
Sorry if this sounds conspiratorial but just trying to understand.
Kam, does short covering benifit shorter a when they cover below the price shorted at? If so, and if there is the ability to influence the price, could a significant short position effect a price drop just to cover in a benificial position?
Can't wait for tomorrow.
No not in, I meant the buys that I have set at the levels you mentioned. Actually, I have 3 shares left from when I sold and last time and put the wrong total in by 3. Have them set to sell at $30 otherwise not worth the commission so I guess I'll just hold them until next round.
Thank you TMM I agree. It was a good exercise for me to stay diciplined and follow the plan. I'm sure opportunity will come up soon for nice adds.
what time is court precedings?
Same here, will be keen eyed tomorrow
Those $25's looked tempting but held my self from buying. I know you and Kam took full advantage. Hope tomorrow brings us out targets. Will be watching futures on the late shift and will see you all PM tomorrow. for some Low $20's
Yes I see it. Wild how it's just stuck in that shallow range.
Yes have those levels set
Ok got it all set
Yes TMM ready for those calls.
Yes glued to this today and can trade PM and AM
Good morning TMM, KAM all UWTI peeps. Looking for a good day today.
Ok got it. Thank you TMM
Ok set for 1/4 buy at that last level you mentioned.
Not in yet today missed that $26 earlier would be nice if it reoccurred. I'm thinking that "baby bulls" are gonna be tasting like crow to those overzealous "baby Bears".
Ok thanks TMM got a first buy set for that level.
I'll be watching closely. I'm sure that TMM will have some great entry points for me.
I hope we do, would be nice to load up before Friday to take advantage of pre meeting run.
Lol Kam, the evening shift for sure. WTI holding above $41.50 strong. Went to high of $41.93 a little while ago.
Will do TMM watching for those levels.
Good morning TMM and Kam. Nice action here in the PM so far. Was fun to read the board yesterday. Nice action for you TMM. And seems like Kam the hegemon is rolling as usual. WTI $40.93 hod Uwti $25.30 right now. Go Uwti!!!
Same here and I'll definitely exersize better patience this round.
So so true my friend.
Gn TMM watching for that level too.
It was very quick. I didn't see it actually happen but if you expand price chart and look at hi/lo you'll see it. HOD $40.51
I'm trying to copy it but can't get it on the phone. Watching on. https://www.dailyfx.com/crude-oil
Would be wild if it opens around $41-$43 area tomorrow.
Yes it touched $40.51 earlier. Tomorrow should be fun.
I'm a Radiation Therapist. Kind of like a pharmacist but dispense radiation treatment instead of meds. Yes lots of sad stories but more good ones. I have seen that movie and am a huge fan. I have come to realize how benificial your strategy is for keeping powder, and patience. Haha but as you say it's a learning experience and will definitely be better at both next time and as portfolio continue to grow. Way to be my friend.
Well as one of our older Dr. Always says. When you stop learning you're dead! Lol. And TMM says better to gain a little than to loose a little. Haha
Wow, yeah I see that.