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HOU

DISCUSSION STARTED BY: panafred - February 5th, 2009 - 10:33 AM

+957-31

Recent strength in the averages have given us a nice rally from a new low this morning of 6.89 up to 7.45 now. Any thoughts on if it will top out here and present us with a new low a couple of days from?

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10 points

BY: Alicias - July 6th, 2009 - 7:18 AM

+346-40

Re: HOU

All commodities are trading in line with what the markets are doing.

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0 points

BY: Whenindoubt - July 6th, 2009 - 6:56 AM

+676-75

Re: HOU

Massive dump today. Not looking good at the moment for oil to rally to $70 now but you never know. Bet you're wishing you never sold that HOD eh Iverson :)

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0 points

BY: Iverson - July 5th, 2009 - 4:45 PM

+996-90

Re: HOU

LOL Yes I think it's likely but it will be short lived.

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0 points

BY: Dondate - July 5th, 2009 - 1:06 PM

+283-17

Re: HOU

Wow Iverson. Even you think it could be a good week for oil. I guess that's saying something :) I agree about the inventory. It should show decrease in supply across the board.

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1 point

BY: Whenindoubt - July 5th, 2009 - 10:17 AM

+676-75

Re: HOU

Yes it does. There is more positive news coming for oil this week than negative I think. I don't know if it'll be enough to hit my target of $75 but probaly $70.

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0 points

BY: Iverson - July 4th, 2009 - 5:03 PM

+996-90

Re: HOU

I'm also cautious about the inventory report on Wednesday. I know it will show a draw in oil and gas for once. The long weekend always helps gasoline draw down.

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1 point

BY: Iverson - July 4th, 2009 - 5:01 PM

+996-90

Re: HOU

I sold my HOD last week only because I hate holding over the weekends. I will be looking to get back in on any $2 move up. Even a dollar might be goos enough.

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0 points

BY: Dondate - July 4th, 2009 - 11:13 AM

+283-17

Re: HOU

I don't know if HOD is the place to be at this point. Oil has already gone down quite a bit. Whatever you do I'd be day trading and not holding at this point. 10% stop losses in place at all times.

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1 point

BY: Alicias - July 3rd, 2009 - 3:38 PM

+346-40

Re: HOU

It sure has! Enjoy the time away from our computer screens.

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0 points

BY: panafred - July 3rd, 2009 - 2:02 PM

+957-31

Re: HOU

HOD is probably a great place to be right now but being risk aversive I'm flat both HOU and HOD .

It's Friday at 5:30 and I raise a glass to you and say cheers, it's been a long hard and very confusing week, I hope next week will bring many profits and success to you all.