$100 A Barrel Oil is on the Way

[myrobbins7]

myrobbins do you think that this was just a one day deal or do you believe that it is gonna start falling, like do you think oil has peaked?

Well like I have said before, I hold a very small holding in Oil right now. I think there will be a dead cat bounce sometime this week, but I just dont see it getting to $200 anytime soon. If it does, wanna buy a Hummer? :whistling:

 

[myrobbins7]

Last week you were saying $150. :no:

No, look back when I said Goldman put out a report saying it would hit $200. I, myself think it could hit $150.

 

[Rasputin_Vol]

No, look back when I said Goldman put out a report saying it would hit $200. I, myself think it could hit $150.

:good!:

http://www.volnation.com/forum/politics/36540-100-barrel-oil-way-39.html#post1388646

 

[myrobbins7]

I think it's going higher. They will push it as hard as they can to $150. Me, I wouldn't touch it right now. I sold 3/4 of my postion at $101 - $112.

Rasp. I think this is what you are talking about. "They" isn't Goldman, its everyone. :hi:

 

[myrobbins7]

:good!:

http://www.volnation.com/forum/politics/36540-100-barrel-oil-way-39.html#post1388646

You got there first.

 

[Rasputin_Vol]

Rasp. I think this is what you are talking about. "They" isn't Goldman, its everyone. :hi:

:good!:

Still not a good scenario. Heard some talk about a loop hole where the SEC can't monitor the transactions that are made between institutions that trade these futures among themselves... or something of the sort.

Got any idea what I'm talking about?

 

[myrobbins7]

No one asked me, but I get the feeling the worst is yet to come, but that's me.

You could be right sir. We can all just set around waiting for "hope and change" eh? :birgits_giggle:

 

[BigPapaVol]

the money flowing into commodities funds has to go somewhere. Goldman's little 200 number helped drive a bunch to Goldman's own funds.

 

[myrobbins7]

:good!:

Still not a good scenario. Heard some talk about a loop hole where the SEC can't monitor the transactions that are made between institutions that trade these futures among themselves... or something of the sort.

Got any idea what I'm talking about?

Hrmm that's interesting..No sir I havent heard yet, busy day today.

 

[wylievol]

Well like I have said before, I hold a very small holding in Oil right now. I think there will be a dead cat bounce sometime this week, but I just dont see it getting to $200 anytime soon. If it does, wanna buy a Hummer? :whistling:

what do you mean by dead cat bounce?

 

[myrobbins7]

what do you mean by dead cat bounce?

Just a rebound in price, sorry

 

[myrobbins7]

the money flowing into commodities funds has to go somewhere. Goldman's little 200 number helped drive a bunch to Goldman's own funds.

That is true..

 

[BigPapaVol]

Just a rebound in price, sorry

a rebound that will be short lived

 

[myrobbins7]

a rebound that will be short lived

I hope your right bro., I really do.

 

[BigPapaVol]

I hope your right bro., I really do.

I was just helping 'splain the dead cat bounce.

 

[myrobbins7]

I was just helping 'splain the dead cat bounce.

:rofl:

 

[Rasputin_Vol]

Hrmm that's interesting..No sir I havent heard yet, busy day today.

Dealing with something called the Enron loophole...

Political Radar: Congress Seeks to Close the 'Enron Loophole'

 

[wylievol]

i think that its gonna shoot back up tomorrow unfortunately

 

[BigPapaVol]

i think that its gonna shoot back up tomorrow unfortunately

that would be the dead cat bounce.....hopefully.

 

[myrobbins7]

i think that its gonna shoot back up tomorrow unfortunately

I wouldn't look for it that soon, there is alot of fluff in this run up. I think they will still be selling because of the big dip today. Still lots of shakey hands in this market.

 

[droski]

if the oil price starts dropping it will drop quick. way too many people long.

 

[wylievol]

just as i said. lol its at 129.72 right now

 

[myrobbins7]

just as i said. lol its at 129.72 right now

Keep your head on, you can get burnt in this game. Very fast. :hi:

 

[wylievol]

well its gonna be a miracle if oil falls 2 days in a row. so are u saying that you think that oil is gonna start falling?

 

[wylievol]

myrobbins do you think that america could trust this article?

Oil Prices May Be Nearing A Peak After Record Rise - Oil and Gas * Energy * News * Story - MSNBC.com