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Forum: Finances

01-23-2008, 08:10 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

Another piece of good advice is when you have...

Another piece of good advice is when you have done something, don't look back and think about what you should have done. Price on the oil short is now $48. That is only up 33% in a couple of weeks....

Forum: Finances

01-16-2008, 04:04 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

Woulda, coulda, shoulda. Didn't ever find...

Woulda, coulda, shoulda. Didn't ever find something I was comfortable with as a proxy for oil going down. Although these weren't what I was looking for, should have held on. Price on them now is...

Forum: Finances

01-10-2008, 10:57 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

Oh, I thought you were referring to a short asset...

Oh, I thought you were referring to a short asset you pack around with you.

I would never make a comment about your financial assets. That is a very personal thing with everyone and not how I...

Forum: Finances

01-10-2008, 09:56 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

Maybe that is because they are so short they...

Maybe that is because they are so short they don't even qualify as an "asset".

Forum: Finances

01-10-2008, 09:25 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

lol

lol

Forum: Finances

01-10-2008, 07:21 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

Well obviously shorting is commodities isn't...

Well obviously shorting is commodities isn't something I am familiar with. I do know oil is down about 5% since we started talking about it. :)

Forum: Finances

01-09-2008, 10:01 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

I stepped out today. Something looked weird. ...

I stepped out today. Something looked weird. Crude down and this was down. How the hell is crude going down and I am short it and I am losing value.

Checked it out in more detail. This is tied...

Forum: Finances

01-08-2008, 07:03 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

I stepped up to the line and bought these today...

I stepped up to the line and bought these today at $37.66, wish me luck. If I win, it will be good for the little guys at the pump and Mike W. can share in my happiness.

Forum: Finances

01-08-2008, 02:27 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

No, the USO is trading at $76.62 this morning. ...

No, the USO is trading at $76.62 this morning. Oil is up $1.98 and USO is up $1.13. So they don't track exactly. One is up 2% and the other is up 1.5%.

The July 68's are at $3.20 on the ask...

Forum: Finances

01-08-2008, 01:56 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

Thanks

Thanks

Forum: Finances

01-08-2008, 01:55 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

I read the profile on yahoo. It appears it...

I read the profile on yahoo. It appears it attempts to track the oil market itself, not stocks. It mention West Texas Intermediate light crude (WTI) whatever the hell that is. With all the ETF's...

Forum: Finances

01-08-2008, 01:48 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

You might be right on the USO. I noted it was...

You might be right on the USO. I noted it was tracking oil prices yesterday, but oil stocks might have been down too. I will look today.

Forum: Finances

01-07-2008, 09:12 PM

Replies: 21

71 on shorting oil

Views: 7,865

Posted By BYU71

I am checking into that . I don't do commodities...

I am checking into that . I don't do commodities and never have, so I am totally in the dark there.

There is an ETF that tracks oil. The symbol is USO. One could short that stock, but it would...

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