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Company requested Trading halts are typically a good thing, enjoy your weekend
I jumped out now with my 475, good gains from 62 entry, will sit this one out for a while.
Hope so, thanks CashFrerze
Is oil go into a hundred next week or DWTI, this is a very crazy Market were in, today they were just waiting for something to move the price it was so obvious. Good luck to everyone
I got out a tad early, 400 at 76.6 premarket. A good trade is always acceptable. :)
Wild nerve racking day for me, out at last at 95.3 with 316 shares
Yikes, I may have to reload on D today, 94.00 coming ?
Thanks and good luck to you
Thanks, sold premarket for a good trade.
Do you think the decline will follow throughout the day ? I got in yesterday at 64.35 and like what I'm seeing premarket
There is where I have had trouble, I got in UWTI at the very bottom and sold a few days later for good profit, if I had the nerve to just ride the last two months out I would be rich. Please let us know when you feel this thing has turned and I will be standing in the background till then. Thank you so much my friend
Thank you, appreciate your advice and i do try and understand your great logic, i personally think we're going to have too much oil and not enough draw down this summer to maintain the current price climb, thus a short attack coming soon.
Kam,
Question for you, when and at what price do you think they will start shorting oil again at ? do you have any idea when this thing is going to turn down? By the way I am not a sophisticated trader nor do I understand a lot of what you guys talk about all the time but I've been waiting the right time to load the boat. Appreciate all the good info on this board, Thanks much
No worries, made a boatload so far :)
If I wouldn't have put in the stop, I'd be fine now
Yes, lost 490 in that volatility, that's what I get for playing before the report, lol
They got me this morning, talk about volatility
Just bought D then they took me out at 1.00 trailing stop order, dang
My trailing stop took me out, good thing as oil is all over the place today, very unpredictable imho
I jumped into Darren's this morning for 340 at 85, hope it's a good trade
Hard to see a clear direction for oil today, anyone have a clue ?
You did better than I, I got in with a big position at 135 a little while ago and had to sit & hold, just barely got out above water at 135.86 this morning. This is way too unpredictable except for those who are controlling the price of oil.
I'm back in again at 35.00 glta
I'm out at 160, I can't take the heat so I got out of the kitchen
I guess when the short covering is complete, I'm at 153 and have had 3 chances to bail but haven't done so yet, hope my wait will be profitable when oil does head down.
Nice article Smittle, thanks much.
Greg
I'm in at 153 from a few days back, I'm very nervous that this is not going anywhere with all the bad news about the glut and no output freeze agreement in the near future. I have the feeling that everybody went long on oil meaning big money and they are keeping the price propped up at any expense. Any advice on a hold or get out now strategy?
RainerRocks,
I wish the world had more people like you, thanks for offering help to me and others here. I will digest it over the next week and "slow" is my pace when learning complex trading strategies as it is my money on the line. I thank you again.
Could only reply publicly, hope you don't mind, thanks to the others that pass on fantastic information to all, it's much appreciated.
Greg
Can you send the link to me as well, I'm fairly new to this type of trading and could use all the help I can get. Thanks RainerRocks
I don't know about you all but I am so glad that they didn't give me the opportunity to chase this thing up this morning. It would have trapped many.
Greg
Thank you Doc
Sorry Doc, sounded kind of directed but was not meant that way, uwti is not tracking right today, that's all.
I don't buy it Doc, it tracked just fine into the close yesterday, crude is up 11% on the market today we should be at 33%
I picked up some at 1.33 yesterday at the close, didn't sleep well last night at all worrying about this, sold today at 1.40 for a $1,600 profit. beginners luck
Thank you, good luck to us all
518 blocks ? Can you please explain, thanks much
Logic
I do believe you are right, I got it from a oil exec that they feel it will go just under 20.00
Someone had mentioned it yesterday but I'm also not sure any of these reports are even in play at this time, it's a bigger force driving oil down in my opinion. The only question I have is where is their bottom?