I operate under the belief that higher crude prices will be good for the U.S. Economy in the long-run as it forces the development of alternative energy, or at the very least get half the overweight morons off the roads. I hope the hurricane misses New Orleans
and yes Ath I am down slighty on natty (my entry was at 8.03) but it looks like OTC natty is trading at 8.43 so ive got a good profit locked in, that open is gonna be wild asfuck tommorow. Kin yes I totally agree man, its not a popular stance but its a true one. The only cure for high prices is high prices
Yeah, you got it. I've got a problem with some random asswipe speculating on oil. I do have a problem with an asswipe wishing misery on others so he can earn a few hundred on a one lot. If you're long, fine... learn to shut your fucking hole.
I am long vol in USO, a 200 lot time spread, long deltas. I guarantee I have more in the game than this fool. And no, I do not wish to profit from death and destruction. I've owned the position for two weeks.
Interesting, thanks for the info. Last night it was 8.50 when I looked, now 8.11. Too bad they don't have crude oil OTC (at least that I can find)