Rosebud

Discussion in 'Journals' started by nitro, May 11, 2015.

  1. nitro

    nitro

    I feel like making some calls based on a model. Needless to say, take these calls with a grain of salt.

    Short CL 59.30. Usually these trades last one to two weeks, but hey could be far shorter even intraday. Target is very difficul to say, because it is when the model reverts not the price. But a likely target is 57ish.
     
  2. loyek590

    loyek590

    I don't want to spoil it for you, but Rosebud was a sled
     
  3. londonkid

    londonkid

    interesting. i am currently building a long position with a final target of $73. GL
     
  4. noddyboy

    noddyboy

    Why rosebud?
     
  5. londonkid

    londonkid

    i banked out my longs now looking at around $57.20-80 to build another position.
     
  6. nitro

    nitro

    At the time of this writing with CL at 60.06, model says that CL is overvalued by $1.50. With my entry at 59.30, that doesn't give me a great deal of confidence. Beware that it is totally dynamic. As long as the model says that CL is over/under valued by a certain amount, it will not change it's position. It only exists on a zero crossing. It will then stay neutral until a large enough mispricing occurs. So it could ride a move down [or up] a long way.
     
  7. Handle123

    Handle123



    Loved that show, wow that was long ago, LOL.
     
  8. kut2k2

    kut2k2

    Ah geez! This thread is turning into another damn "Why is the Obvious ..." type thread. :(

    Thanks, nitro. :mad:
     
  9. nitro

    nitro

    Sorry for being dense, but I don't follow what you are saying.
     
  10. nitro

    nitro

    Short OVX 32.90
     
    #10     May 14, 2015