Oil...is there a bottom?

Discussion in 'Trading' started by stock_trad3r, May 30, 2008.

  1. stock_trad3r

    stock_trad3r

    This is like amazon.com and cisco in spring 2000 but in slow motion. 10-1 margin speculators must be getting killed. Just pure carnage.

    As if everyone woke up one morning relalized they dont need oil anymore
     
    #1     May 30, 2008
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  2. Ivanovich

    Ivanovich

    You bozo. Oil is still above $125!
     
    #2     May 30, 2008
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  3. stock_trad3r

    stock_trad3r

    yes but it was at 135 just last week

    The fundamentals do justify oil at 200 within a year
     
    #3     May 30, 2008
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  4. ProfitTakgFool

    ProfitTakgFool

    "10-1 margin speculators must be getting killed." There simply isn't a better market to be trading right now. You can either trade it or you can't!

     
    #4     May 30, 2008
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  5. S2007S

    S2007S




    :p :p :p :p :p
     
    #5     May 30, 2008
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  6. stock_trad3r

    stock_trad3r

    The contract either goes up within the specified time frame and you make lots of money or you lose it all.
     
    #6     May 30, 2008
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  7. ProfitTakgFool

    ProfitTakgFool

    Futures trading is not "all or nothing" trading. You trade them just like you do stocks. The only real difference is futures contracts are standardized and leveraged.

     
    #7     May 30, 2008
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