Nigerian Militants Threaten Oil Tankers Sunday February 19, 5:37 pm ET By Osmond Chidi, Associated Press Writer Nigerian Militants Threaten to Target International Oil Tankers; Crude Exports Cut 20 Percent WARRI, Nigeria (AP) -- Militants who kidnapped nine foreign oil workers in a flurry of attacks that forced a 20 percent cut in Nigerian crude exports vowed Sunday to escalate the violence, threatening for the first time to fire rockets at international oil tankers. Sounds like oil is going to go up
Crude Oil Rises After Militant Attacks Cut Nigerian Production Feb. 20 (Bloomberg) -- Crude oil rose after rebel attacks in Nigeria cut output from Africa's largest producer by almost 20 percent and militants threatened further strikes. Shell said yesterday it had shut down production of 455,000 barrels of oil per day following three attacks on Feb. 18, including the seizure of nine hostages employed by a U.S. contractor. Nigeria pumps about 2.4 million barrels a day, or almost 3 percent of global output. ``The situation in Nigeria is likely to remain volatile for some time,'' said Dariusz Kowalczyk, senior investment strategist at CFC Seymour Ltd. in Hong Kong. ``Prices should rise because of disruptions in supply.'' Crude oil for April delivery rose 1.5 percent to $60.80 a barrel in electronic trading on London's ICE Futures exchange at 9:24 a.m. Singapore time. That's 30 percent higher than a year ago. The New York Mercantile Exchange, the world's largest energy market, is closed today. In Japan, oil for July delivery rose as much as 2.5 percent to 43,100 yen a kiloliter on the Tokyo Commodity Exchange. That's equal to $58.06 a barrel. It traded at 43,070 yen at 10:17 a.m. in Tokyo. ------------------------- Bitstream, That doesn't seem old to me Please don't be a 4 year old and switch around my nick like a nerd. Have something to say, Back it up with information and knowledge and most of all MONEY. ------------------------------ I'm starting to think, lots of the news "EMPHASIS" are manipulated to go in favor of big players speculations. I bet there were tons of kidnappings during the oil drop, but 2 days ago When big players anchored a position on (thursday) which is why I invested in friday. All oil kidnapping news become big news, and now oil is goiing up Conspiracy or manipulation? No idea. But price action tells all. News comes after.
After some research & much experience in shorting I have now concluded: Shorting = waste of time I don't have much time to waste these days........ Waste of time in the sense of Time Spent to open position / MICROMANGING of a SHORT and the money extracted from that time Is not worth it. I will continue using short only as a hedge, And sit out during bear runs (free up some time ) And work on my other business I have up and coming I am excited about. Will only go on the long side , I can pyramid massive positions on a long side because its nice and steady and contains very little risk. Its interesting I always thought most big hedge fund players were stupid because they don't short stocks as often, (they short indexes for hedging) mostly. Now I know why. Its a waste of time when time could have been spent elsewhere resourcefully. This new business (financial broker related) I have coming up, should bring in around 15-20k a month (250k a year) , setting up new merchant accounts now So I believe my time would be nicely used managing that instead of MICROMANGING shorts, Time will be sorted out with around 10 trading days LONG a month the rest of the days (10 bear days ) work on my other businesses. For longs, most of the times I don't even have to do anything Once position is set, I never even look at them anymore other then stop alerts. I'll have full concentration once we go long , so I'm not always in the market, Long + Short = In the market too much / Too much screen time. I love this game. I love my business I love this trading business. Love the life I live. Rock on. Hedge on!
. ============= Coolweb; Most all the news i read is end of day; anyway, it tends to help trend.XLE up .70% premarket Good points , in the short comments requiring more time; however you also have to remember BIG difference in shorting in bull market last 3 years, and bear market. So while tend to do better in longs in a bull market; actually plan on still doing selected shorts. Simply too much occasional opportunity , in any time frame; even my favorite sector for longs/XLE sector; has EXCELLANT short opportunities, below 50 dma,FEB. Good thing Steve & I like you enough to disagree wih you; besides the more tricky timing required in shorts; helps long trading. And are you long only perhaps,when bear market does eventually come ??????????????????????????
TXU exitd 50.83 (-.35) No idea why this gapped down, Freaking insane Its the bad luck of murray talking about gap downs all the time this weeked. I'm just glad I got out in one piece. Its a wonder it went up straight up after open
Overnights dont make sense sometimes. Its just the risk you take by holding. It wouldnt surprise me if there was an inbalance prior to the open, the specialist saw a bunch of stops down lower, opened the stock down triggering those stops to partially satisfy the imbalance, and got long himself knowing that it was most likely going to retrace some from there. This is how they do
============== Couldnt be bad luck; no such thing as luck. Besides your Carl Ichan energy stock went/closed up more than TXU that went down. Nice sector, OIH took off also.
SHG --81.50 --bit a bit of spike in the vol -- may well go up -- but has a way to go to catch up to 83.40 -- since year high is 86.95 -- I can't see this as a good swing stock AGO -26.04 --and low volume --looks like it's going to go down Appologies for my pessimism -- just my paranoid self talking to the mirror.... but watching in anticipation what CW does...