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22 Posts Total by "hedgie":
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Hedgie
(Scunthorpe, United Kingdom)
6 Posts by Anonymous "hedgie":
 
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Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Jan 7, 2010 17:41
In Thread: Oil Weakness May Intensify
There is no problem with banter as it helps alleviate the dull moments while trading, but I think Asad crossed the line with his slightly racist comments
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Jan 6, 2010 16:48
In Thread: Oil Weakness May Intensify
WTI breaks 83 now...Asad you short yet?
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 30, 2009 16:13
In Thread: Oil Weakness May Intensify
Asad I read an interesting article by Doug Kass, in 2010 he thinks they could be a possibility ( however small) of Israel attacking Iran's nuclear plants. Now I'm sure that factor has already been discounted by oil traders and added into the price, but if that were to really happen, well wouldn't want to be short. Personally from what i'm reading from GS and other brokers I might be looking at getting myself some long dated calls in crude....what's the opinion of others on here?
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 29, 2009 14:17
In Thread: Oil Weakness May Intensify
Asad you still shorting crude?? trading at 79 and change now
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 20, 2009 11:02
In Thread: Oil Weakness May Intensify
HAHA...Now our "local global macro trader" thinks he is a philosopher and poet. Day by day you are starting to resemble your idol Soros, soon we will not be able to tell the difference...oh no I forget Soros actually understands fundamentals and market dynamics, you...don't even seem to understand the diff in prices between oil contracts...

@Gunjack agree with you, pointing out his inconsistencies is too easy, he reminds me of an X-factor auditionee, tries hard but just not up to the mark.
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 17, 2009 19:53
In Thread: Oil Weakness May Intensify
Ashraf you must have the patience of a saint...some folks on here (e.g Asad, not that i'm naming any names) don't seem to understand the fundamentals of futures contracts and how they trade...Hats off to you sir!!!
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 15, 2009 19:24
In Thread: Oil Weakness May Intensify
Asad My point exactly anyone with an internet connection could have got that information easily...So WHY are you asking it on here???
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 15, 2009 11:49
In Thread: Oil Weakness May Intensify
I can't believe this. The "George Soros" of this forum doesn't understand the basics of the crude market. Honestly I don't know whether to laugh or tell you to stop trading until you learn the fundamentals...The huge oil inventories at cushing and weak demand in the Atlantic basin has driven down the price of WTI and created the WTI-Brent discount. I understand this and I never ever traded oil....
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 3, 2009 12:27
In Thread: Oil Weakness May Intensify
Asad

P.S. Anything not demand-driven must definitely be superfluous...

Gunjack,

You'll be surprised that demand/supply DOES and IS still playing a part. If not, then why is NG not following oil's direction?

It's pretty discouraging at times when everyone is saying that oil is bullish...and me alone...like an idiot is talking about fundamentals

So that is 3 different posts from you where you have only spoken about demand/BASIC FUNDAMENTALS....You never spoke about external monetary factors and when other posters mentioned it you brushed it off...HAHAHA!!!
Hedgie
Scunthorpe, UK
Posts: 16
14 years ago
Dec 2, 2009 11:42
In Thread: Oil Weakness May Intensify
Fastpips I agree there are many ways to skin a cat. But you should know that no one invests in Oil futures like they might do in equities. Oil is becoming a v speculative play (great post over at FT Alphaville) where BNP Paribas are claiming "oil prices have disconnected from physical reality, adding that until unconventional monetary policy is removed from the table the market can expect crude futures to trade as an investment class rather than a consumption asset."

The long term players in the oil market are the airlines (hedging), Oil majors and GS...unless you have the funds to match them your not going to get much joy out of "Investing" in oil
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