Comments on Fund My Mutual Fund: Oil Looks Toppy to Me - Starting Ultrashort Oil & ...

be more specific. I don't know what exactly you a...

2008-05-23T14:41:00.000-04:00

be more specific. I don't know what exactly you are asking.

Would I add nat gas on pullbacks? yes.

if thats your question.

Mark, any thoughts on adding natgas plays on pullb...

2008-05-23T14:35:00.000-04:00

Mark, any thoughts on adding natgas plays on pullback?

Disclosure: This is not a recommendation for you t...

2008-05-21T12:34:00.000-04:00

Disclosure: This is not a recommendation for you to buy or sell OII since you can sue me if I give you advice ;)

I honestly think that the whole group just trades together - at this point you might as well throw in your hat with the ETF OIH

I like OII but if you put CAM, NOV, CLB, OII, FTI - any number, they are basically all tracking together.

But myself, I'd wait for a pullback and not chase these crazy moves. But that's me.

Mark: I am looking at OII as a play on PBR and oth...

2008-05-21T12:28:00.000-04:00

Mark: I am looking at OII as a play on PBR and other deepwater rig induced demand for ROVs to make subsea connections, repairs, etc. Also, we have hurricane season around the corner and OII would be one of the biggest beneficiaries of any real damage to platforms and pipeline infrastructure in the Gulf...any thoughts?

20 May: "the futures curves for both WTI and Brent...

2008-05-21T11:53:00.000-04:00

20 May: "the futures curves for both WTI and Brent crude are quickly moving from backwardation to contango -- a very bearish signal."

http://tinyurl.com/5cm863

Thinking about selling my PBR calls.

RMJI never catch the bottom or the top. I try to ...

2008-05-21T11:38:00.000-04:00

RMJ

I never catch the bottom or the top. I try to catch the middle

I think 25.90s will allow me to catch the middle when the reversal happens. I rarely have a position go my way the first day or two or even week, just perfectly.

If oil goes to $140-$150, I expect a major selloff in the stock market as they no longer can ignore thing. Of course CPI will show 0.1%
And when the market does a serious selloff even the energy names will go. SO I believe I will be protected that way

Remember when the selloff was most intense even the fertilizer stocks dropped 30% in a week. So what is "cute" today won't be so cute if oil goes $10-$15 higher. People will finally admit it "might be a small issue" (I believe)

I could be wrong. Depends on the Kool Aid. After all $190 oil would indicate strength in the economy.

Did you just say "buy an airline" (?!!!) Wow! ;)...

2008-05-21T11:34:00.000-04:00

Did you just say "buy an airline" (?!!!) Wow! ;)

Mark, just wondering - why today? Today looks alo...

2008-05-21T11:24:00.000-04:00

Mark, just wondering - why today? Today looks alot like yesterday.. except that we are getting follow through on the selling in the broader market. I think that can trickle into the commodities sector. Is there anything else? Or is enough, enough?

EIA 10:30amU.S. commercial crude oil inventories (...

2008-05-21T11:00:00.000-04:00

EIA 10:30am

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.4 million barrels from the previous week. At 320.4 million barrels, U.S. crude oil inventories are in the middle of the average range for this time of year. Total motor gasoline inventories decreased by 0.8 million barrels last week, and are in the lower half of the average range.

.. but dont let that distract you from the chart patterns.

Gotta trade against the crowd sometimes.

2008-05-21T10:40:00.000-04:00

Gotta trade against the crowd sometimes.

**Oil Looks Toppy to Me - Starting Ultrashort Oil ...

2008-05-21T10:38:00.000-04:00

**Oil Looks Toppy to Me - Starting Ultrashort Oil & Gas (DUG)**

Leveraged short on oil & gas, the sector delivering 50% of S&P earnings this quarter and making up 15% of its market cap?

Goes well with that DHI long position I guess...