Another of your horribly bad calls. Oil trades at 46.xx levels (near expiry futs ) and so that should tell you right away that there is something going on downstream that is most likely temporary. Instead you are saying to pay the highest price before it reverts back?
Well, two points here "Mr. I know everything"... 1) Since it always goes up as you say....Why wouldn't you have gotten long the Dec contracts this AM at $1.44 instead of dicking around here touting your superior intellect? Duh. 2) I guess an Alabama refinery blowing up has nothing to do with anything you dumb-sh*t. You should just quit while your ahead pal cause in a battle of wits your lack of common sense severely handicaps any effort you might put forth. You write really well, ...but you have the street smarts of a cement block.
Yeah,.... lets see if unleaded is $1.88 at the pump tomorrow... or the rest of the week for that matter genius. Dumb like a stump. http://www.zerohedge.com/news/2016-...ne-explodes-shelby-county-alabama-live-stream
* I never said or claimed it "always goes up", where did you get that nonsense? If you understood anything (including "downstream" in refinery and oil parlance) then at all you would have deduced that I would rather short this short term spike. I guess that was what you even wanted to say but in your emotional anger you said the opposite. * Of course have gasoline prices to do with refineries. What are you talking about? Here are oil prices, not the slightest move: And here the gasoline future: As you can see this move was utterly unrelated to oil. If anything it is related to the Alabama refinery explosion and the shut down of one of the US's largest gasoline pipeline. http://www.bloomberg.com/news/artic...soline-pipeline-shuts-after-alabama-explosion You seem completely clueless as with all your other ill-timed calls. I provided facts, prices, and links.
That was my original question Einstein! Which was adequately answered by FCX. I never mentioned oil, that was you being a spaz. And yes, prices at the pump are going up. Was that not the basis of your attack. "Another bad call"? Well, you're wrong, I'm right. (you just sucked me down to your kindergarten level on that one). I suspect you may have a relatively high IQ, but dude.....you lack what we used to call "walking around sense". It takes balls to make calls. All you do is lurk here, and answer questions about IB. One minute you live in Asia, one minute NYC, one minute Europe. And you have "managed hundreds of millions of dollars". Strange my friend. Very strange. When you post some market worthy trades here be they stocks, etf's, futures, commodities, etc.... real time, then you might get some respect out of me. Until then,....you are just a lurker with no other life. Just call em like I see em and bro... you need a life. Peace.
again you make up lies, I never claimed I live in Europe or NYC right now. And you still cannot admit mistakes, fact remains, you are going long gasoline here. That was your call, let's see where it trades in 24, 48, 72 hours...
Hahaha.... If filling up my tank means "going long gasoline"... well.... I guess I'm long gasoline dipsh*t. GROW UP dude. And post a trade huh? Show some balls.
apparently you have a huge need to stroke your ego, except you shoot yourself in your own foot each time...enough said.