Conversations with Women | Home | Dr. Copper and the Band of Burglarizing Vandals

November 9, 2007


Sticking Firmly with a Totally Arbitrary Price Target for Crude

Still stubbornly looking for crude to get to $100 (or very near). As my childhood buddy, Dink, is fond of saying: “Close only counts in horseshoes and hand grenades, boy!”


Click to enlarge

This entry was posted on Friday, November 9th, 2007 at 10:13 am (utc+8) and is filed under Trading and Investing.

4 Responses to “Sticking Firmly with a Totally Arbitrary Price Target for Crude”

  1. Peter said:
    November 9th, 2007 at 4:44 pm

    theres a triangle type of consolidation here…i plan to short it on a new high, but as always in those cases, theres a short-squeeze dynamic involved which can serve for wild price action… (see the loonie… (-:… )

  2. C. Maoxian said:
    November 9th, 2007 at 5:09 pm

    Peter: Short crude! What are you, a loonie? ;-)

  3. bob said:
    November 9th, 2007 at 8:22 pm

    cnbc ding-a-ling on the floor was going crazy the other day about “it’s not if oil will go to $100, but when” and i could have sworn she said “the guy next to me just bought 1 june 180 call, thinks oil goes to $180!”.

    ignoring how many mistakes are in that sentence, there’s a contra-cnbc trade here for sure.

  4. C. Maoxian said:
    November 9th, 2007 at 10:38 pm

    bob: She probably threw that out there when it was at $98.62 dooming us all. ;-)

Post your opinion