Posts by "asad"

Radu,

Single position at 73 short. But WHAT is keeping the price up?? What?

Radu, what I suggest, and normally do myself (in case Qin goes militant again) in such situations is to divide the same money over small 'short' trades. So say, instead of putting 10,000 on a sort from 73 - 69, you could do 3000 from 73 - 71.50 (close it),3000 from 71 - 69.50 (close it) and 4000 from 69 - 65ish (when signs are that oil if properly headed down).

MOST IMPORTANTLY, D.O N.O.T play in these conditions w/o stop lossess (and limits for ones like Moe). Market is erractic and you could as much miss profits as losses..

(Advance apologies to Ashraf & fellow members)

Qin,

Spec not trading and still giving advice is equivalent to someone not knowing English and still trying to write in the language, right?

If Spec really doesn't trade, at least he has the honesty to state that (he can easily choose to lie about it & you'd NEVER know even if you were born 8x - eight is a lucky Chinese number)

When I wrote pissed, I didn't mean you're angry - pissed is a British alternative to 'drunk', if you don't know. Btw, I know that you can't drink because you go all red head to toe even w/ a few drops of alcohol. I also know that you can't drink milk because you're not lactose-resistant.

As for my positions in oil, I'm doing decent. Why it seems loss to you is because I don't come on the forum and brag that I've made profits at 10:30...11:16...13:23...15:47...17:09 (and that I'm going to a party). I'm MUCH mature than this. I also have to ensure that Radu recovers his losses and Moe doesn't get carrued away w/ going long.

I apologize for this rudeness but I felt you had to be put into place. While I consider the matter closed...but let me know if you get to get embarrassed further.. :)


P.S. Oil just hit 74!

Radu, mate,

You may want to stay out momentarily. But when oil retreats, make sure you sell everything (not really!) and jump into it. You'll cover your previous days' losses...and much more. Let it settle. Tomorrow will be very crucial, in every sense!

Agreed...agreed...AGREED! Qin, EVERYONE is entitled to their opinion...and in Spec's case...he's expressing his opinion and NOT soliciting his advice for you to follow. I'm sure all the members in this forum are adults...and they know their right and wrong well! Again, no one has asked you or anyone of us to follow Spec's opinion/advice.

Ashraf often takes Spec's opinion what he thinks of cable and currency pairs. Read into this comment and you'll know what I mean.

A similar thing happened when yesterday Moe was advising Radu (already in short position loss) to go long on oil. I felt irritated by Moe's rather 'passing' opinion. I opposed that on the forum in a decent and civil manner. And today, Moe has been vindicated...and I'm eating the humble pie! Even if long rules at the monet, it's short in days to come. But that doesn't belittle my respect for Moe.

Above all, I do not know if you're 26 and Spec's 42 of age. If this really is the case, then you've got good reason to reassess your comments.

Me...well, I'll give you the benefit of doubt (& would request Ashraf to do the same). You made hefty profits today...you partied hard a few hours ago...got pissed to the floor...and came home and started writing about Spec.

Spec, I know you'll take it nonseriously as ever... ;)

Houram,

Crucify me two-mo later...but shorting oil until the year end IZZZ the strategy (barringextraordinary events like Iran/Israel tension, militant strikes in SA or mass unrest in Nigeria). I don't know why...but oil in Oct/Nov looks b/w 40 - 50 range. Only time will tell... :)