UPDATE: Party Over
May 8, 2008 – 2:04 pm
Bulls taking control here.
They are piling into the banks, trying to paint the pig with gold. As of now, the [[SKF]] has NOT broken out, so be careful with your positions here.
For a trade, I like [[RACK]], [[CTRP]] and [[JOE]].
UPDATE: That was fun. I still own the above names. However, in the interim, my gut says we’re done going up.
Top pick: Short [[LEH]]
I know who you are, you people that thought oil was going down today. Fuck you, oil will never go down again, dicks. Turn around and it will be 200 before you know it and the market will rally to 15,000 on the back of higher oil. I can tell you your fucking car or truck runs better on expensive shit.
Steel too for that matter, you just thought X was going lower, fuck you its going to 300.
May 8th, 2008 at 2:11 pmI need to go over to China and thank however many billion people live there for their endless demand for steel. Between steel and nat gas I might retire next week.
Anyone shorting AIG into earnings? Insurance premiums have been falling and their investments are a mess. Add on what the street views as weak mgt. and I can see a 5% fall tomorrow.
May 8th, 2008 at 2:23 pmMay 8th, 2008 at 2:26 pm
http://www.youtube.com/watch?v=vAPf9V3_li0
May 8th, 2008 at 2:28 pmPWRD - all out
May 8th, 2008 at 2:33 pmI love a nice RACK. But, the high for past year is $14.66, is there enough upside here for a long position? I’d buy it now if I had reason to believe it was gonna break out. When the mighty Fly speaks of a RACK trade, he doesn’t mention what sort of a trade.
May 8th, 2008 at 2:34 pmI personally will not be happy until oil is at 250 and steel is at 2000 per ton. I may take a happy stroll at that time and observe the less shittyness around me.
May 8th, 2008 at 2:36 pmThe chick in Crude’s video has a nice RACK, and she talks about gold prices I think.
May 8th, 2008 at 2:36 pmFinally a new high in oil!!! I was worried it would not come today, but sure as shit the bulls woke from their naps and took it to the house. Get up there bitch.
May 8th, 2008 at 2:43 pmif oil goes to 200, i will personally come onto the site and say, “you sir, are correct.”
May 8th, 2008 at 2:46 pmSOHU shorts must cover, here comes the SOHUU short squeeze.
May 8th, 2008 at 2:48 pmThe Fly top is in, now 1390…let’s do this.
May 8th, 2008 at 2:52 pmIdeal you might as well say it now, since at some point in the future oil will go to 200, it’s just a matter of time. You see, it’s what we like to call a “non-renewable resource”. It doesn’t help that the major producers are not bringing any more of this supposedly ample supply to the market. Wonder why? I guess billions upon billions of profits just isn’t enough of an incentive. Weird.
May 8th, 2008 at 2:56 pmOh here we go Steve. There is a bottleneck in getting more oil out of they ground, they are trying. People think it will harm moose antlers and Alaskan mushroom spores if you drill in Alaska. I have an idea, you should start a company that goes out in the middle of the Gulf of Mexico, searches for oil 25,000 under the ocean floor (in 10,000 foot of water), drill for it, extract it, ship it up a pipeline, send it to shore then store it. And then sell it. Sounds easy huh?
May 8th, 2008 at 3:35 pmThe funniest thing about the environmentalists is all the oil in international waters off the coast of Florida that we won’t drill because of “the environment” yet the Chinese are drilling in that spot simply because we’re not..
May 8th, 2008 at 3:39 pm