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Cincinnati
San Diego for week six.
sorry. Let me use Philly then.
Green Bay for week five.
Week 4 Indianapolis
New Orleans week three.
Green Bay week 2
Steelers
Seattle thx
HOU please & thanks
New England. Thanks.
Houston this week please.
Arizona this week John.
Jets this week.
Chicago
DAL ... thanks
PHI please and thanks.
SDC wk 3
GBP in week 2 vice CAR.
CAR in week two.
Hou week 1.
2,4,6,8,9,12,14,16,17,20,22,24,26,27,30,32,33,35,38,39 TB:47
2,4,6,8,10,11
2, 4, 5, 8, 10, 12, 14, 16, 18, 20, 22, 24
Hello Stocks4John,
Neat pool!
My playoff picks are: 2,4,5,8,10,12,14,16,18,19,21, & 23
Looks to me that there's 50-50 chance of a drop here in ERX. Oil stocks are expensive relative to the price of oil. Right now if you are bullish on oil, USO or DXO seems to be the better value.
Good luck with your calls Rawnoc!
Thank you PremierStocks.
Did you handle use to be Alvinray?
Logic applies to ERX as well
Buying USO Is a No-Brainer
by: Mark Krieger December 25, 2008 |
USO has imploded. Its 76% drop from its highs of $119 to $28 borders on insanity. Actually, let me rephrase that, it does not border on insanity, it is insanity! The market is pricing the commodity, as if cars will no longer need gasoline. The analysts are starting to come out of the woodwork with outrageous predictions of Sub $1 gasoline prices and $10 a barrel oil, just like they did six months ago when some of these "snake oil" salesmen were forecasting crude to rise to $200, $500 or even $1000 a barrel, in an attempt to make a name for themselves. It's time to be a contrarian and go long against the crowd.
Time to try and catch a falling knife: I usually don't recommend trying to pick a bottom, but with USO's extreme oversold condition, it is a definite buy at these give away levels. The shares have simply dropped too much in too short of a time representing a more than compelling opportunity. IF USO continues to fall, I would simply buy more to dollar cost average. The upside potential simply dwarfs the downside risk at this juncture. I suspect the downside potential is about $5, while the upside is more like $30.
Help from Shorts: USO is heavily shorted, and virtually anyone with a short position has paper gains. This is a good thing because all these short positions will eventually need to "buy to cover" in order to book their profits. This represents a massive amount of potential demand for the shares and the ultimate case for a massive short squeeze to occur.
Bottom line: This is a no brainer buy. It offers the chance to more than double your money in a relatively short period of time with minimal downside exposure. Contrary to popular demand, oil is not becoming obsolete. Will we never see an international crisis again? Will OPEC continue to fail miserably? Will China and India cease to grow? Will we stop driving? I don't think so, therefore, I am backing up the truck on this one.
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The Technicals Say It's Time for Oil
http://seekingalpha.com/article/112322-the-technicals-say-it-s-time-for-oil?source=front_page_most_popular_articles
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