Oil could drop more now because it fell through the $40 support. Maybe into the 20's before a bottom. So strange. It was $140 just a few months ago.:shrug:
Stock Market Thread - ALL COMBINED
- Thread starter vinnie
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Oil could drop more now because it fell through the $40 support. Maybe into the 20's before a bottom. So strange. It was $140 just a few months ago.:shrug:
I paid $1.55 for gas today. I don't remember when it was that low. Maybe 5 years ago or longer?
Sub $40 oil screams a buy on DXO.
If it hits 2.50, the last 20% of cash I have will be going in.
Then I'll lose all the fun of buying and selling.
Here's some guy's opinion on another forum. Is this the way you see this too?
I got into it today at 2.8
Reasoning: When oil was at $145 DXO was at $30
Oil is little below 40, DXO is at $2.7
I do not see oil going below $25 - the downside is probably 25-30. However, the upside is unbeleivable. Opec wants it at $70, and they will do everything to get it there, even cutting output even more than they just did in January if they do not reach $70.
WHen oil gets back to $70, that translates to DXO going back to $14.00 which is a 5 bagger from here.
The risk to reward is too great not to jump in.
I jumped in with half i can afford, so if it dips lower the other half will be thrown at it
The worst thing about having CNBC all day...
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....He looks kinda like Jack!
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....He looks kinda like Jack!
You didn't let me down with the buffet, you won't let me down here.
:mj07: lmao, couple of frikken scavengers you were that night. :mj07:
Here's some guy's opinion on another forum. Is this the way you see this too?
I got into it today at 2.8
Reasoning: When oil was at $145 DXO was at $30
Oil is little below 40, DXO is at $2.7
I do not see oil going below $25 - the downside is probably 25-30. However, the upside is unbeleivable. Opec wants it at $70, and they will do everything to get it there, even cutting output even more than they just did in January if they do not reach $70.
WHen oil gets back to $70, that translates to DXO going back to $14.00 which is a 5 bagger from here.
The risk to reward is too great not to jump in.
I jumped in with half i can afford, so if it dips lower the other half will be thrown at it
I love this logic,in fact this is how i have been at least ahead of the game so far(on paper),
look at it this way if oil were to fall to $25 a barrel then that would translate into DXO at 1.70 , are you prepared to take a -37% loss verses a 500% gain, i think that this is by far the best odds you will get.
take F for example, even with the bailout, F will only really reach its high of 7 to 8 dollars, whereas GM could make it back to the high 30's that might get u 10x back, but F will at best get ya 6x.
right now i think that GM is by far (odds wise) the better investment, even if you are day trading and want to hit it quick, GM has by far a higher ceiling.
just my 2 cents
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Here's some guy's opinion on another forum. Is this the way you see this too?
I got into it today at 2.8
Reasoning: When oil was at $145 DXO was at $30
Oil is little below 40, DXO is at $2.7
I do not see oil going below $25 - the downside is probably 25-30. However, the upside is unbeleivable. Opec wants it at $70, and they will do everything to get it there, even cutting output even more than they just did in January if they do not reach $70.
WHen oil gets back to $70, that translates to DXO going back to $14.00 which is a 5 bagger from here.
The risk to reward is too great not to jump in.
I jumped in with half i can afford, so if it dips lower the other half will be thrown at it
This is nearly identical to the logic I posted here a few days ago. My average price is 2.69 currently. I had an order in for the majority of my leftover cash at 2.50, but I don't know if it triggered (not at my home computer). This would bring me down slightly to around 2.65 average price.
I think this guy's math is a little off. If it tracks truly as a double long, then $70 oil would equate to 4-bagger from $35, not a 5-bagger.
But I ain't going to complain about that, either.
Note: I do not plan on holding on the sideline all the way up to $70 flat. I'll be looking for trade ranges on the way up. Currently, I have a sell order for 25% at 4.00 on DXO which would roughly be $52 oil.
But I may be making it too complicated.
This is nearly identical to the logic I posted here a few days ago. My average price is 2.69 currently. I had an order in for the majority of my leftover cash at 2.50, but I don't know if it triggered (not at my home computer). This would bring me down slightly to around 2.65 average price.
I think this guy's math is a little off. If it tracks truly as a double long, then $70 oil would equate to 4-bagger from $35, not a 5-bagger.
But I ain't going to complain about that, either.
Note: I do not plan on holding on the sideline all the way up to $70 flat. I'll be looking for trade ranges on the way up. Currently, I have a sell order for 25% at 4.00 on DXO which would roughly be $52 oil.
But I may be making it too complicated.
I had a buy order in for 400 @ 2.50 & it didn't fill
I am following, put in a buy for tomorrow for 100 @ 2.45 limit, and may buy 100 just after the open at market.
"Buy the rumour and sell the news"
"Buy the rumour and sell the news"
Source: Bush May Announce Auto Bailout Plan Friday
Sources tell FOX News that the Bush administration may reveal its plan to rescue the U.S. auto industry as early as Friday.
Thursday, December 18, 2008
WASHINGTON -- The Bush administration will likely announce its plan to rescue struggling U.S. automakers on Friday, sources close to the discussion told FOX News.
"Buy the rumour and sell the news"
Source: Bush May Announce Auto Bailout Plan Friday
Sources tell FOX News that the Bush administration may reveal its plan to rescue the U.S. auto industry as early as Friday.
Thursday, December 18, 2008
WASHINGTON -- The Bush administration will likely announce its plan to rescue struggling U.S. automakers on Friday, sources close to the discussion told FOX News.
This is nearly identical to the logic I posted here a few days ago. My average price is 2.69 currently. I had an order in for the majority of my leftover cash at 2.50, but I don't know if it triggered (not at my home computer). This would bring me down slightly to around 2.65 average price.
I think this guy's math is a little off. If it tracks truly as a double long, then $70 oil would equate to 4-bagger from $35, not a 5-bagger.
But I ain't going to complain about that, either.
Note: I do not plan on holding on the sideline all the way up to $70 flat. I'll be looking for trade ranges on the way up. Currently, I have a sell order for 25% at 4.00 on DXO which would roughly be $52 oil.
But I may be making it too complicated.
what are the fees and commissions for owning this and how and when is it paid?
Yeah, if Jack were to wear a button down dress shirt and a tie, but it could be a dead look alike
