Re: "Futures signal weak open" - ROTFLMAO

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Re: "Futures signal weak open" - ROTFLMAO Lawyerkill 08-29-2008
Posted by Lawyerkill on August 29, 2008, 9:48 am


On Aug 29, 9:12=EF=BF=BDam, aeron...@flight.net wrote:
> What a riot...What a drama...
>
> They'll have this criminal friggin' JOKE even, before 11am, and then
> the Friday miracle will once again take over....
>
> "Gains" maintained, and losses washed...All in a day in the most
> criminal investment mechanism in the free world....

This week is almost meaningless, no volume. Wait untill next week. I
still have my DIA SEPT115 PUTs, But I also have my GG SEPT30 calls to
back me up.

Posted by lubow on August 29, 2008, 1:36 pm


Changing the subj... Sorry you're getting screwed with you speculation based on
oil prices impacted by hurricane/tropstorm Gustav.

Sometimes the most successful strategy is to fade the press. The bigger the
story, the more they're wrong. TV news worked OT telling us that the hundreds
of rigs in the Gulf that supply 25% of the US's oil requirements are in
jeopardy. TV took it one step further and speculated that gasoline prices will
reflect the drop in production.

What TV forgot was to simply ask an oil trader at the NY Merc. Most traders
there will tell you that no pro, in view of the current downward trend in crude,
would want to be long crude at $118 or so during a three day weekend. The
speculators Mr. Comics loves to blame for the failures of others are selling
their positions or even shorting.

Thus far, crude is breaking even with yesterday's close. I'm looking for it to
be a buck or two down when trading closes this afternoon. By time the October
crude closes out in three weeks, oil could be below $110 with the usual caveats
of no further hurricanes and no further brinksmanship on the diplomatic front.

All bets are off after Halloween.

--Lubow.

=================================

On Aug 29, 9:12�am, aeron...@flight.net wrote:
> What a riot...What a drama...
>
> They'll have this criminal friggin' JOKE even, before 11am, and then
> the Friday miracle will once again take over....
>
> "Gains" maintained, and losses washed...All in a day in the most
> criminal investment mechanism in the free world....

This week is almost meaningless, no volume. Wait untill next week. I
still have my DIA SEPT115 PUTs, But I also have my GG SEPT30 calls to
back me up.


Posted by Lawyerkill on August 29, 2008, 1:52 pm


> Changing the subj... Sorry you're getting screwed with you speculation ba=
sed on
> oil prices impacted by hurricane/tropstorm Gustav.
>
> Sometimes the most successful strategy is to fade the press. =EF=BF=BDThe=
bigger the
> story, the more they're wrong. =EF=BF=BDTV news worked OT telling us that=
the hundreds
> of rigs in the Gulf that supply 25% of the US's oil requirements are in
> jeopardy. =EF=BF=BDTV took it one step further and speculated that gasoli=
ne prices will
> reflect the drop in production.
>
> What TV forgot was to simply ask an oil trader at the NY Merc. =EF=BF=BDM=
ost traders
> there will tell you that no pro, in view of the current downward trend in=
crude,
> would want to be long crude at $118 or so during a three day weekend. =EF=
=BF=BDThe
> speculators Mr. Comics loves to blame for the failures of others are sell=
ing
> their positions or even shorting.
>
> Thus far, crude is breaking even with yesterday's close. =EF=BF=BDI'm loo=
king for it to
> be a buck or two down when trading closes this afternoon. =EF=BF=BDBy tim=
e the October
> crude closes out in three weeks, oil could be below $110 with the usual c=
aveats
> of no further hurricanes and no further brinksmanship on the diplomatic f=
ront.
>
> All bets are off after Halloween.
>
> --Lubow.
>
> =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D

I think the market is headed down in Sept.. For me the hurricane was
an extra push, but even barring the hurricane factor I still think the
DOW is going lower. Most likely GG is going to level off or drop if
the hurricane doesn't hit the oil rigs in a big way so I'm selling my
Calls on it today, maybe in the next 10 minutes.

I think low oil=3Dlow gold for now.

Posted by Lawyerkill on August 30, 2008, 8:09 am


>
>
>
>
>
> > Changing the subj... Sorry you're getting screwed with you speculation =
based on
> > oil prices impacted byhurricane/tropstorm Gustav.
>
> > Sometimes the most successful strategy is to fade the press. The bigger=
the
> > story, the more they're wrong. TV news worked OT telling us that the hu=
ndreds
> > of rigs in the Gulf that supply 25% of the US's oil requirements are in
> > jeopardy. TV took it one step further and speculated that gasoline pric=
es will
> > reflect the drop in production.
>
> > What TV forgot was to simply ask an oil trader at the NY Merc. Most tra=
ders
> > there will tell you that no pro, in view of the current downward trend =
in crude,
> > would want to be long crude at $118 or so during a three day weekend. T=
he
> > speculators Mr. Comics loves to blame for the failures of others are se=
lling
> > their positions or even shorting.
>
> > Thus far, crude is breaking even with yesterday's close. I'm looking fo=
r it to
> > be a buck or two down when trading closes this afternoon. By time the O=
ctober
> > crude closes out in three weeks, oil could be below $110 with the usual=
caveats
> > of no further hurricanes and no further brinksmanship on the diplomatic=
front.
>
> > All bets are off after Halloween.
>
> > --Lubow.
>
> > =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
>
> I think the market is headed down in Sept.. For me thehurricanewas
> an extra push, but even barring thehurricanefactor I still think the
> DOW is going lower. Most likely GG is going to level off or drop if
> thehurricanedoesn't hit the oil rigs in a big way so I'm selling my
> Calls on it today, maybe in the next 10 minutes.
>
> I think low oil=3Dlow gold for now.- Hide quoted text -
>
> - Show quoted text -

The market is lucky that this hurricane is not hitting during the
week. Fear would have moved the stocks a lot more. By the time the
market opens next week we will know how much damage was done and the
fear level will be way down I think.

Sept is a bad month for stocks so I still think they are headed for a
losing month and recover in Nov.

Posted by Bill Reid on August 30, 2008, 11:02 am




> Changing the subj... Sorry you're getting screwed with you speculation
based on
> oil prices impacted by hurricane/tropstorm Gustav.

Translation: I got screwed yet AGAIN by not being able to predict
oil prices.

> Sometimes the most successful strategy is to fade the press. The bigger
the
> story, the more they're wrong. TV news worked OT telling us that the
hundreds
> of rigs in the Gulf that supply 25% of the US's oil requirements are in
> jeopardy. TV took it one step further and speculated that gasoline prices
will
> reflect the drop in production.

Yeah, just ignore all the "unfounded" speculation, listen to
"Lowbrow"...a hurricane has NEVER damaged oil rigs in the
Gulf before, but "they" ALWAYS try to scare us just to sell
TV advertising...

To be as successful as "Lowbrow", you need to turn
that TV off; even better, don't read a newspaper or any
Internet news sources, or even better than that, never
learn to read or even understand the English language.
Facts just get in the way of the "Lowbrow" method
of commodities trading.

Think of a blindfolded kid whacking away at a pinata
that's actually 10 feet behind him, THAT'S the "Lowbrow"
method of commodities trading...

> What TV forgot was to simply ask an oil trader at the NY Merc.

I love interviews with commodity floor traders. Forget about
an oil shortage, I worry about a methamphetamine shortage
cuz these guys apparently suck down about 37billion barrels
a day of the stuff...

> Most traders
> there will tell you that no pro, in view of the current downward trend in
crude,
> would want to be long crude at $118 or so during a three day weekend.

However, they have no problem being long at $115 or
so..."Lowbrow", just when I think you've made the stupidest
statement possible, you top yourself, again and again and
again and again...

> The
> speculators Mr. Comics loves to blame for the failures of others are
selling
> their positions or even shorting.

Strange then the price isn't $0..."Comical" is a looney retard,
but on this issue he amazingly makes more sense than
"Lowbrow"...I mean if everybody is selling or shorting, what
the hell is holding oil above a $100/barrel, a price it never
hit in history until mere months ago, a price more than
triple what it was just a few years ago...if it ain't supply
and demand, it MUST be a conspiracy, RIIIIIIGHT?!!?!

> Thus far, crude is breaking even with yesterday's close. I'm looking for
it to
> be a buck or two down when trading closes this afternoon.

Wrong again (and again and again and again). Crude closed
up for the day.

By time the October
> crude closes out in three weeks, oil could be below $110 with the usual
caveats
> of no further hurricanes and no further brinksmanship on the diplomatic
front.

Translation: oil may go up or it may go down, or it may stay
the same.

If it goes up, "Lowbrow" will say he was right, because
he included those "caveats" in the prediction. If it goes
down, "Lowbrow" will say he was right. If it stays roughly
the same, "Lowbrow" will say he was right, because as
he so generously shared with us previously, the price
of oil is manipulated by the Bush administration by
selling Euros from the Treasury, and they just did a perfect
job of manipulating the price that way...unless it goes
up, in which case "Lowbrow" has also generously
shared his "prediction" that the Bush administration
is so incompetent that they can't even manipulate the
price of oil properly.

One of my basic axioms of human behavior: the more
often a person is wrong, the less likely they will ever admit
to ANY mistake. THAT'S something that you can "take
to the bank"...

> All bets are off after Halloween.

Translation: all bets are off before Halloween, and at
any and all times using the "Lowbrow" method of losing
money trading commodities (as seen on Usenet!)...

---
William Ernest Reid
Post count: 1166



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