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There were trading at 0.50 x 0.55 for a while though. I have like 12 options on my watchlist. Most of them were up like 25-50% but they are back to black now. The market sucks..lol..I am glad I sold a few..
Bought them for 40 cents last week. Sold some UAUA calls this morning at 50 cents You got to have quick fingers to play them..lol
Yeah! Both my call options are up 50% today so far. UAUA & LCC. Going against the crowd always pays off
UAUA & LCC : Nice bounce starting there
Keep an eye on airliners for a big bounce
Posted by: STRONGUS Date: Monday, May 26, 2008 2:55:16 PM
In reply to: Jagman who wrote msg# 27628 Post # of 27653
CALL Options for next week : UALFB & LCCFA. The airlines stocks such UAUA & LCC were panic sold last week. They dropped as much as 50% in last one week. I am expecting them to rebound this week. I am buying call options at these oversold levels. There may be still some pain ahead but these calls could provide substantial returns when they rebound.
UALFB (UAL CORP COM NEW JUN 21, 2008 $ 10.000 CALL) : 40 cents
LCCFA (U S AIRWAYS GROUP INC COM JUN 21, 2008 $ 5.000 CALL)
is at 40 cents too.
Good luck!
Yeah..It is on my watchlist. LNG is treating me real good since I started actively trading it. It hit a big bottom around 3 dollar range and bouncing nicely since.
Posted by: STRONGUS Date: Saturday, May 24, 2008 5:44:01 PM
In reply to: STRONGUS who wrote msg# 27615 Post # of 27653
Here is my airlines bounce watchlist :
ALK,AMR,CAL,DAL,JBLU,LCC,LUV,NWA,UAUA
LCC & UAUA are in merger talks (advance stages) and I am averaging in on them.
Thanks for the charts. I would love to see big short squeeze on these airliners UAUA & LCC are shorted big time.
Thats the beauty of it You guys have a great forum in here. Let us get some big winners this week!
yeah..There is so much fear out there. Usually that is my buy signal Works like a champ..lol
Sure, fastliz. I will keep an eye on that. I am also looking at financial stocks for bounce. Counting a lot on UAUA & LCC to bounce big next week!
I am getting into options big time Recently traded DUG calls with nice profits. Here are some CALL Options for next week : UALFB & LCCFA. The airlines stocks such UAUA & LCC were panic sold last week. They dropped as much as 50% in last one week. I am expecting them to rebound this week. I am buying call options at these oversold levels. There may be still some pain ahead but these calls could provide substantial returns when they rebound.
UALFB (UAL CORP COM NEW JUN 21, 2008 $ 10.000 CALL) : 40 cents
LCCFA (U S AIRWAYS GROUP INC COM JUN 21, 2008 $ 5.000 CALL)
is at 40 cents too.
Good luck!
CALL Options for next week : UALFB & LCCFA. The airlines stocks such UAUA & LCC were panic sold last week. They dropped as much as 50% in last one week. I am expecting them to rebound this week. I am buying call options at these oversold levels. There may be still some pain ahead but these calls could provide substantial returns when they rebound.
UALFB (UAL CORP COM NEW JUN 21, 2008 $ 10.000 CALL) : 40 cents
LCCFA (U S AIRWAYS GROUP INC COM JUN 21, 2008 $ 5.000 CALL)
is at 40 cents too.
Good luck!
Coy, Thanks for saying that! I don't talk much about my political views because they are kinda extreme. LOL. I love to talk about stocks so I found a nice home here
VYEY dropped like a rock. I warned against that stock on this forum and other places. 30 cents to 7 cents range now. Their wells belonged to FTXN.pk..I don't take about FTXN even though I own it because its CEO screwed GFCI shareholders before..It is moving up in the recent days from the lows and may be priming up for a pump..Gamblers can take notice of that
I agree with the author. It takes guts to go against the grain and bet against the crowd. You know what ? Exactly thats what you need to make big money. I will be making a killing on my call options if airlines stocks rebound next week. Time to say my prayers again LOL
The Coming Collapse of Oil Prices
by Dom Armentano
Bold economic predictions are dangerous, and I've been wrong before, but here goes: Oil prices are about to tumble.
There are several important reasons to believe that crude oil prices of roughly $130/barrel are simply not sustainable. The first is that world-wide economic growth, and hence the demand for crude oil, has slowed markedly due to the credit crunch and the bursting real estate bubble. The second reason is that the Federal Reserve has finally decided to stop lowering interest rates and/or creating credit as if it were the Tooth Fairy; a stronger dollar will mean lower oil prices. Third, the already record high crude oil and gasoline prices have created strong incentives for consumer and business conservation and that has lowered overall demand.
Yet the most fundamental reason to expect prices to fall is that the gap between the price of crude oil and the cost of producing it is just way, way too large to be sustained long-run.
According to the Energy Information Administration, the average cost (in constant dollars) of finding, lifting, and storing onshore domestic and/or foreign oil between 1980 and 2004 has been approximately $20 per barrel; between 2004 and 2006 that average cost rose to approximately $25 per barrel and is slightly higher now. (The cost of producing offshore oil is more than double onshore costs). Yet the price of crude oil has risen to approximately $130 per barrel (doubling in the last year alone) creating large profits for most producers and integrated oil companies.
Marginal suppliers around the world with costs above $30 per barrel but still far below current prices now have overwhelming incentives to uncap wells, engage in secondary and tertiary techniques to recover more oil from existing wells, drill additional wells, and otherwise expand production. (Houston is currently booming with oil production investment as is Brazil). Any serious output expansion will take time but the increasing supply coupled with lower demand will lead inexorably to lower prices; indeed, sharply lower prices.
To be sure, speculators have helped bid up the price of crude oil. Most of the speculation centers around legitimate concerns about "supply disruptions" and some wider war in the Middle East Gulf region. My guess is that roughly 20% of the current price is a supply disruption premium while another 10% is associated with our own debasement of the currency (the dollar) by our own central bank. (This can be proven by comparing oil prices in dollars with oil prices in Euros). When (if) these speculations prove unwarranted, oil prices will decline sharply into (my guess) the $80 per barrel range. But if we get a new war, all bets are off.
Public policy can encourage this bursting bubble scenario. The Democrats want to tax the oil companies or use the antitrust laws against them. Big mistake. More taxes get you LESS oil and "concentration" in the oil industry is not really the problem. The on-going Congressional hearings "investigating" oil prices and profits is a charade and is purely political theater. The very same federal and state governments that complain about high oil prices continue to tax gasoline at a rate (40 cents per gallon) far higher than the profit rate for the oil companies. So much for government concern about consumers.
On the other hand, public policy can and must change to allow energy companies to explore for and develop domestic and offshore supplies of crude oil. Obstacles to expanding and building new oil refineries domestically must be removed, and quickly. Alternative energy sources, if they are cheaper, must be allowed to proceed (including and especially nuclear) but direct subsidies to ALL energy companies (including to oil companies, if any) should end. We need the contributions of wind, solar, etc., but only if and when their real costs and prices are comparable with oil and natural gas. Competitive energy suppliers will work to produce in our interest if we free up the markets and let them.
May 26, 2008
Dom Armentano [send him mail] is Professor Emeritus at the University of Hartford (CT) and the author of Antitrust and Monopoly (Independent Institute, 1998) and Antitrust: The Case for Repeal (Mises Institute, 1999). He has published articles, op/eds and reviews in The New York Times, Wall Street Journal, London Financial Times, Financial Post, Hartford Courant, National Review, Antitrust Bulletin and many other journals.
Copyright © 2008 LewRockwell.com
CALL Options for next week : UALFB & LCCFA. The airlines stocks such UAUA & LCC were panic sold last week. They dropped as much as 50% in last one week. I am expecting them to rebound this week. I am buying call options at these oversold levels. There may be still some pain ahead but these calls could provide substantial returns when they rebound.
UALFB (UAL CORP COM NEW JUN 21, 2008 $ 10.000 CALL) : 40 cents
LCCFA (U S AIRWAYS GROUP INC COM JUN 21, 2008 $ 5.000 CALL)
is at 40 cents too.
Good luck!
CALL Options for next week : UALFB & LCCFA. The airlines stocks such UAUA & LCC were panic sold last week. They dropped as much as 50% in last one week. I am expecting them to rebound this week. I am buying call options at these oversold levels. There may be still some pain ahead but these calls could provide substantial returns when they rebound.
UALFB (UAL CORP COM NEW JUN 21, 2008 $ 10.000 CALL) : 40 cents
LCCFA (U S AIRWAYS GROUP INC COM JUN 21, 2008 $ 5.000 CALL)
is at 40 cents too.
Good luck!
ARSC more than doubled from the lows. I was much more comfortable asking folks to buy at the lows. We should have seen a pullback but we didn't. We went straight up! At some point, this might give back some of the recent gains. That will be a good entry point.If you are looking at this as an investment, then it is a different story. It doesn't really matter whether you buy at 3 cents or 2 cents. The risk/reward is still the same.
Soros thinks oil burst is about to burst..Buffet needs to take lessons from him on timing. Soros called for higher oil prices before Buffet and now he is saying the oil price will collapse..
BL: Soros: Oil bubble will burst after UK/US in Recession
Soros Cites Speculators for Soaring Oil Prices, Telegraph Says
By John Simpson
May 26 (Bloomberg) -- George Soros says speculators are a key cause of the sharp rise in the price of crude oil, the Daily Telegraph reported, citing an interview with the billionaire investor.
The Telegraph said Soros maintained that while the soaring oil price, which hit a record $135 a barrel last week, can be linked to the weak dollar, declining Middle East supply and rising demand by China, speculators have had a strong effect on the crude oil market.
The price increase has a ``parabolic shape,'' Soros said, noting that such a shape is ``characteristic of bubbles,'' according to the newspaper.
The oil bubble will not burst until the U.S. and Britain are both in recession, at which time oil prices may drop dramatically, the Telegraph cited Soros as saying.
To contact the reporter on this story: John Simpson in Toronto jsimpson12@bloomberg.net
Last Updated: May 25, 2008 21:03 EDT
Buffet thrives on fear and his importance increases exponentially during tough times. No one cares about him during the bull market. No wonder he is painting 'gloom and doom' I think the recession will be short.
Amen to that I got burnt treating this as an investment. Maly needs to come out with the audits and seal a deal. Maly hasn't done anything in the past to inspire confidence. Until then, this is just another tradable pinkie for me. Nice profitable move from 11-12 cents range though. I am keeping some to see whether Maly delivers the audit. If not, I will be moving on.
couch, fwiw, this is what I got out of that scoundrel's mouth. I called him in April and asked him what the hell is going on with EQBM. He was giving me the same BS about working on activating it. I told him I am going to call my brokerage and make my shares worthless to get tax losses. He said he wouldn't advice me to do it. His BS was that he is still working to get us back to trade again. He disconnected the phone when I started asking him about his past time lines and stuff. What a nut job! I think QUIN might be the mm he is in touch with. I won't count on anything that scum says..Good luck to all!
coy, It is the timing issue. I know oil is going lower eventually. The fear is whether it would hit $150 short term before going back down to $100. That is why I am averaging in on my DUG calls..I think we will see a mini correction to 115-120 dollar range before the next upward run..It may finally hit the magic number ($145-150) every one wants and crash down from there. The media is really feeding the frenzy again. When the entire market screams that the oil is going higher, it means the top is near
Oil price 'a bubble waiting to burst'
May 25, 2008 04:21am
Article from: The Sunday Telegraph
DESPITE all the gloom, oil prices are predicted to fall 30 per cent within 12 months, giving motorists much-needed relief.
Many economists argue that the present oil market is a bubble waiting to burst, much like the tech-stock boom in 2000.
They say the price is being boosted by speculators, and point to a Persian Gulf chock-full of supertankers, chartered by oil-rich governments to hold fuel they cannot sell.
Oil retreated slightly from its record high of $US135 a barrel last week and economists tip it will fall to around $US100 in six to 12 months.
However, it may top $US150 before that happens.
With the Australian dollar expected to reach parity with the US dollar by September, the currency will continue to provide a buffer against petrol getting much higher.
"If we see pull-back in the oil price in the longer term, it's likely to be better news for motorists," CommSec equities economist Savanth Sebastian said.
"There is speculation in financial markets, which is what's driving the price further upwards. The expectation is that it's unsustainable at these prices and should work its way back down."
"We believe the long-term forecast for oil is below $US100 a barrel. We could see prices get down to $US80/$US90 a barrel."
ANZ head of international economics Amy Auster said ANZ had forecast oil to fall to $US106 by the end of 2008.
"It would be a pretty significant decline. From $US130 a barrel to $US100 a barrel is a 30 per cent decline," she said.
Some wonder if speculators are fueling oil run-up
Debate centers on the rush to cash in on crude
By DAVID IVANOVICH
Copyright 2008 Houston Chronicle Washington Bureau
WASHINGTON — With American motorists struggling to pay record-high gasoline prices, a debate rages in the halls of Congress and across the Oil Patch over the role speculators may be playing in driving up oil prices.
Crude prices have rocketed nearly $70 a barrel in the past year. Some energy experts suggest speculation could account for $20 to $30 of that run-up.
Desperate to help angry constituents, lawmakers have been scrambling to find solutions. They have voted to close the so-called Enron loophole by regulating electronic trading, and they've given the Federal Trade Commission more authority to guard against market manipulation.
Now some energy and trading experts are calling on lawmakers to focus on the pension funds, endowments and other institutional investors — including the University of Texas and the state's teacher retirement system — that have poured billions of dollars into the commodities futures market in the last few years. The trend has exacerbated the crude price run-up, these analysts say.
Institutional investors' interest in oil "is accelerating and emboldening the price rise," said Mark Lapolla of Sixth Man Research, an Atlanta-based financial research firm. "We just can't quantify it."
Last week, oil futures shot past $133 a barrel, while prices at the gas pump, according to AAA, again reached new heights — nearly $3.88 a gallon on Friday for regular.
Oil is just the most visible of a slew of commodities — corn, soybeans, wheat, rice — to see dramatic price rises this year.
Federal regulators admit commodity futures markets have seen "robust growth," but they point to market forces to explain the rise in prices.
"We really don't think the case has been made that speculation is driving prices," John Fenton, director of market surveillance for the Commodity Futures Trading Commission, told a House panel.
Shell Oil Co. President John Hofmeister seconds that argument, noting that neither he, nor his company's trading experts, see any evidence that speculators are a key factor. "I don't believe it," he said.
To be sure, the oil markets give plenty of reason for concern, irrespective of any trading factors. Despite a moribund U.S. economy, world oil demand continues to rise, and fears are growing about whether production can keep up with the global thirst for crude.
No shocking influences
Oil markets can be rocked by any number of disruptions, whether it be political turmoil in Nigeria or production woes in Mexico. And the Paris-based International Energy Agency is reportedly preparing to give the world some worrisome news about future oil supplies.
If oil prices really were so much higher than supply and demand forces would suggest, argues John Felmy, chief economist for the American Petroleum Institute, then holders of crude oil would be unable to find buyers, and inventories would build. But that's not happening, Felmy said.
Still, the world oil markets have not experienced any dramatic shock that many would have thought necessary to cause oil prices to double in a year.
Disruptions in world oil supplies are nothing new. And with the U.S. economy weak, the International Energy Agency recently lowered its projections for demand growth this year.
"We're right back in the soup again — market prices bearing no resemblance to supply and demand," said Urban "Obie" Obrien, director of government affairs for Houston-based Apache Corp., an oil and gas producer.
Getting the reins ready
Lawmakers have zeroed in on an assessment by Exxon Mobil Corp. Senior Vice President J. Stephen Simon that current inventory levels around the world historically would have suggested a crude price of around $50 to $55 a barrel.
But since 2005, Simon said, a weak U.S. dollar, geopolitical risks and speculation have created a "disconnect" between historical norms and current prices.
Speculation, trading experts say, is a crucial component of any commodity market. It provides liquidity for the market and helps buyers and sellers understand what direction prices are headed. No one is suggesting that it would be possible or practical to ban speculation.
"This isn't a witch hunt against speculators," researcher Lapolla said.
But with commodity prices spiking, and motorists complaining loudly about the price of gasoline, lawmakers are wondering whether they should step to rein in the speculators.
Officials at the New York Mercantile Exchange, arguing against any such effort, point to government statistics that suggest the role of "non-commercial" players — those not actually in the business of producing or processing a commodity — has declined, even as prices headed skyward.
Looking for a hedge
But critics argue that the government data mask the real impact institutional investors are having on commodity prices.
Institutional investors started adding commodities to their portfolios of stocks, bonds and real estate about five years ago, as a hedge against inflation and a weak U.S. dollar. And what began as a trickle has become a torrent following the sub-prime mortgage crisis, trading experts say.
The Teacher Retirement System of Texas, for instance, began investing in commodity indexes in the fourth quarter of last year. Now those investments have a market value of $4.4 billion, system spokesman Howard Goldman said.
The University of Texas Investment Management Co., which invests money for the University of Texas System, has about $500 million in commodities, and the California Public Employees' Retirement System, the nation's largest public pension plan, has $1 billion invested.
Lehman Brothers' Edward Morse, in a recent report, estimated that assets under management in commodity indexes ballooned from about $70 billion in early 2006 to $235 billion by mid-April. The bulk of that investment has been in oil.
Equal to China's demand
Trying to assess the significance of that stampede, Michael Masters, managing member of Masters Capital Management LLC, noted that while China has increased its annual demand for petroleum by 920 million barrels over the last five years, these institutional investors or "index speculators" as Masters calls them, have upped their demand for petroleum futures contracts by 848 million barrels during the same time.
"The increase in demand from index speculators is almost equal to the increase in demand from China," Masters told the Senate panel.
The problem, critics say, is that the institutional investors have waded in and bought sizable "long" positions, betting that oil prices — no matter how high they may seem now — will continue to rise.
Because of a loophole in federal trading regulations, experts say, the institutional investors can circumvent typical speculative limits. The cumulative effect, critics say, of all of this lopsided betting that prices will rise has been to propel prices skyward.
Closing that loophole, some lawmakers say, may be how Congress steps into this issue.
"It's not like they're evil or malicious," Masters said of the institutional investors. "It's just they're so big, and they all act the same."
david.ivanovich@chron.com
Some wonder if speculators are fueling oil run-up
Debate centers on the rush to cash in on crude
By DAVID IVANOVICH
Copyright 2008 Houston Chronicle Washington Bureau
WASHINGTON — With American motorists struggling to pay record-high gasoline prices, a debate rages in the halls of Congress and across the Oil Patch over the role speculators may be playing in driving up oil prices.
Crude prices have rocketed nearly $70 a barrel in the past year. Some energy experts suggest speculation could account for $20 to $30 of that run-up.
Desperate to help angry constituents, lawmakers have been scrambling to find solutions. They have voted to close the so-called Enron loophole by regulating electronic trading, and they've given the Federal Trade Commission more authority to guard against market manipulation.
Now some energy and trading experts are calling on lawmakers to focus on the pension funds, endowments and other institutional investors — including the University of Texas and the state's teacher retirement system — that have poured billions of dollars into the commodities futures market in the last few years. The trend has exacerbated the crude price run-up, these analysts say.
Institutional investors' interest in oil "is accelerating and emboldening the price rise," said Mark Lapolla of Sixth Man Research, an Atlanta-based financial research firm. "We just can't quantify it."
Last week, oil futures shot past $133 a barrel, while prices at the gas pump, according to AAA, again reached new heights — nearly $3.88 a gallon on Friday for regular.
Oil is just the most visible of a slew of commodities — corn, soybeans, wheat, rice — to see dramatic price rises this year.
Federal regulators admit commodity futures markets have seen "robust growth," but they point to market forces to explain the rise in prices.
"We really don't think the case has been made that speculation is driving prices," John Fenton, director of market surveillance for the Commodity Futures Trading Commission, told a House panel.
Shell Oil Co. President John Hofmeister seconds that argument, noting that neither he, nor his company's trading experts, see any evidence that speculators are a key factor. "I don't believe it," he said.
To be sure, the oil markets give plenty of reason for concern, irrespective of any trading factors. Despite a moribund U.S. economy, world oil demand continues to rise, and fears are growing about whether production can keep up with the global thirst for crude.
No shocking influences
Oil markets can be rocked by any number of disruptions, whether it be political turmoil in Nigeria or production woes in Mexico. And the Paris-based International Energy Agency is reportedly preparing to give the world some worrisome news about future oil supplies.
If oil prices really were so much higher than supply and demand forces would suggest, argues John Felmy, chief economist for the American Petroleum Institute, then holders of crude oil would be unable to find buyers, and inventories would build. But that's not happening, Felmy said.
Still, the world oil markets have not experienced any dramatic shock that many would have thought necessary to cause oil prices to double in a year.
Disruptions in world oil supplies are nothing new. And with the U.S. economy weak, the International Energy Agency recently lowered its projections for demand growth this year.
"We're right back in the soup again — market prices bearing no resemblance to supply and demand," said Urban "Obie" Obrien, director of government affairs for Houston-based Apache Corp., an oil and gas producer.
Getting the reins ready
Lawmakers have zeroed in on an assessment by Exxon Mobil Corp. Senior Vice President J. Stephen Simon that current inventory levels around the world historically would have suggested a crude price of around $50 to $55 a barrel.
But since 2005, Simon said, a weak U.S. dollar, geopolitical risks and speculation have created a "disconnect" between historical norms and current prices.
Speculation, trading experts say, is a crucial component of any commodity market. It provides liquidity for the market and helps buyers and sellers understand what direction prices are headed. No one is suggesting that it would be possible or practical to ban speculation.
"This isn't a witch hunt against speculators," researcher Lapolla said.
But with commodity prices spiking, and motorists complaining loudly about the price of gasoline, lawmakers are wondering whether they should step to rein in the speculators.
Officials at the New York Mercantile Exchange, arguing against any such effort, point to government statistics that suggest the role of "non-commercial" players — those not actually in the business of producing or processing a commodity — has declined, even as prices headed skyward.
Looking for a hedge
But critics argue that the government data mask the real impact institutional investors are having on commodity prices.
Institutional investors started adding commodities to their portfolios of stocks, bonds and real estate about five years ago, as a hedge against inflation and a weak U.S. dollar. And what began as a trickle has become a torrent following the sub-prime mortgage crisis, trading experts say.
The Teacher Retirement System of Texas, for instance, began investing in commodity indexes in the fourth quarter of last year. Now those investments have a market value of $4.4 billion, system spokesman Howard Goldman said.
The University of Texas Investment Management Co., which invests money for the University of Texas System, has about $500 million in commodities, and the California Public Employees' Retirement System, the nation's largest public pension plan, has $1 billion invested.
Lehman Brothers' Edward Morse, in a recent report, estimated that assets under management in commodity indexes ballooned from about $70 billion in early 2006 to $235 billion by mid-April. The bulk of that investment has been in oil.
Equal to China's demand
Trying to assess the significance of that stampede, Michael Masters, managing member of Masters Capital Management LLC, noted that while China has increased its annual demand for petroleum by 920 million barrels over the last five years, these institutional investors or "index speculators" as Masters calls them, have upped their demand for petroleum futures contracts by 848 million barrels during the same time.
"The increase in demand from index speculators is almost equal to the increase in demand from China," Masters told the Senate panel.
The problem, critics say, is that the institutional investors have waded in and bought sizable "long" positions, betting that oil prices — no matter how high they may seem now — will continue to rise.
Because of a loophole in federal trading regulations, experts say, the institutional investors can circumvent typical speculative limits. The cumulative effect, critics say, of all of this lopsided betting that prices will rise has been to propel prices skyward.
Closing that loophole, some lawmakers say, may be how Congress steps into this issue.
"It's not like they're evil or malicious," Masters said of the institutional investors. "It's just they're so big, and they all act the same."
david.ivanovich@chron.com
Jagman, Sure I have a few options (mostly call options) on the watchlist. I need to do a little bit more research before sharing them. I will either PM you or post here tomorrow. Congrats on your LOW call (I mean put! GL!
We can do this all day but I would rather enjoy the long weekend Enjoy yours, every one!
Bravo! I am glad you made a bundle Thats why we say 'When there Is blood in the Streets, It's Time To Buy'. This is at least true for big board stocks with good fundamentals.
Here is my airlines bounce watchlist :
ALK,AMR,CAL,DAL,JBLU,LCC,LUV,NWA,UAUA
LCC & UAUA are in merger talks (advance stages) and I am averaging in on them.
I have both of them also in my airlines watchlist! So many bargains out there. I find it hard to believe these companies would go out of business again. Most of them came out of bankruptcy after learning a bitter leason. They are savvy enough to swiftly increase the prices on Friday. We will see a massive short covering rally in Airlines stocks when oil corrects from the highs..
Realperson, Thanks! You are doing an admirable job running the forum here. Not an easy task with emotions running high. May be we should also create an 'unfriendly forum' and take the fights there lol
Time to play against the crowd again Last week I made a bet on oil pulling back from the highs. Bought DUG stock & call options and I am currently in green on them. I am looking to buy the beaten down airline stocks. The 2 names I like are UAUA & LCC. Also bought some call options on both of them on Friday. Keep them in your watchlist. GL!
Jagman, It is kinda hypocritical to mock Zguy for talking about a 8 cent stock when you do the same I mean this in a friendly way too. You may not believe in what Hemi longs believe but that doesn't give you rights to ridicule them. No one got a right to claim high moral ground here. I know you tried to flip HMGP a few times and lost big time. I trade pinkies all the time. The difference is, I know how to trade them profitably. Remember how you were mocking at NWOL, the stock went up 200% since then. I take profits when I see them. Same goes for ARSC & HMGP. I also gave the exit points on those stocks to folks. Will I get back into HMGP again ? You bet. Watch my next entry point. May be even you will finally have a good trade in Hemi
XJT : ExpressJet Raised To Buy From Add By Calyon Securities
Supra is kinda smart about that He will share it here on the forum if the chartist replies in a negative tone..LOL
This is a good company. It is upto folks to decide their own time frame. if they are in it to win it long term, it is their strategy. fwiw, I also posted this yesterday. I keep it straight. Every stock goes through ups and downs. The challenge is in picking the right entry and exit point. You can call it whatever you want. It is called a rally in CNBC
Posted by: STRONGUS Date: Wednesday, May 21, 2008 11:21:00 AM
In reply to: lowman who wrote msg# 6392 Post # of 6459
Too much too fast My trading discipline dictates taking profits here. Story hasn't changed but a pull back is possible
I can't tell how badly I was waiting for you Do you even remember this post? ARSC doubled since I made this post. I won't get tired of saying this because this is the ONLY truth..
It takes no genius to bash a stock. I challenge you to give folks an entry point and an exit for any stock that will double. None of the bashers can ever do that. I know you didn't go anywhere. You were sulking in the sidelines as the stock went up day after day. You kinda figured after a 125% move from the lows, stock would probably go down. So you made your reentry. Thats all to it.
Posted by: STRONGUS Date: Saturday, May 03, 2008 10:30:41 PM
In reply to: suprabiz2 who wrote msg# 6072 Post # of 6458
Supra, I am going to give you only one hint There is money to be made on ARSC by going long right now. Don't come back to me saying longs said that before at higher prices. There is nothing new in that argument. Unless some one hates making money, the best way to play this right now is to go long. You wanna bet?? This is not invitation to you to buy the shares. I am providing my counter point to your 'doom & gloom' prediction. Let us see who prevails. The company is getting ready to hit back with vengeance. Watch out..
Stop the supply + Put the news + Screw the shorts = Strongus run
0.20 x 0.30 NITE on the top bid at 20 followed up UBSS at 19!