 |
Time to kill the oil market again.
06-11-2009, 12:25 PM
|
#1
|
|
Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
|
I'm sick of watching oil and gas prices returning to speculative levels again.
Just bought some UGA in an IRA today. That ought to stop it.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
06-11-2009, 12:34 PM
|
#2
|
|
Administrator
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 16,478
|
My USL is up almost 40%. Looks like it's time to sell...
__________________
Numbers is hard...
|
|
|
|
06-11-2009, 12:38 PM
|
#3
|
|
Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
|
 Quote:
Originally Posted by REWahoo
My USL is up almost 40%. Looks like it's time to sell...
|
Two words: trailing stop.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
06-12-2009, 03:57 PM
|
#4
|
|
Dryer sheet aficionado
Join Date: Mar 2009
Location: Akron, OH
Posts: 41
|
Quote:
Originally Posted by REWahoo
My USL is up almost 40%. Looks like it's time to sell...
|
I own USO and USL. Been thinking the same thing. But its such a great hedge against inflation.
|
|
|
|
|
06-11-2009, 12:36 PM
|
#5
|
|
Moderator
Join Date: Sep 2007
Posts: 3,432
|
Ziggy, thanks for your self-sacrifice. But we might want to sell our house in the next year or two--could you do something about the real estate situation too?
|
|
|
|
|
06-11-2009, 12:55 PM
|
#6
|
|
Recycles dryer sheets
Join Date: May 2007
Posts: 80
|
I bought USO a month ago and it's up 22% already. I hadn't intended for it to be a short-term trade, but I'm really wondering if I shouldn't take my profits and run (or at least place a trailing stop).
|
|
|
|
|
06-11-2009, 01:18 PM
|
#7
|
|
Moderator Emeritus
Join Date: Feb 2006
Location: Tampa
Posts: 6,899
|
I'm liking my energy fund now that I've got a 10 mpg RV to support.
__________________
Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)
As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
|
|
|
|
|
06-11-2009, 05:10 PM
|
#8
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Cowtown, Alberta
Posts: 2,402
|
Quote:
Originally Posted by Rich_in_Tampa
I'm liking my energy fund now that I've got a 10 mpg RV to support.
|
Go, Rich, go!
(It looks like I am back in the oil patch again in a couple of weeks.
I  dirty oil!)
Gypsy
__________________
"Ain't got no money for no old-age pension;
I'm so broke, I can't pay attention!"
|
|
|
|
|
06-11-2009, 02:20 PM
|
#9
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 4,734
|
I've had Vanguard Energy fund for many years and it's been very good to me .
|
|
|
|
|
06-11-2009, 07:54 PM
|
#10
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2008
Posts: 2,058
|
Gee! When the market goes up, all kinds of stock/sector pickers and timers surface to confess. 
__________________
Couple both 52-year-old, with 2 children in college. DW RE @ 50. No pension, no benefits for either of us. Working part-time for travel money (in good years that is, and for food in lean years!).
|
|
|
|
|
06-12-2009, 03:10 PM
|
#11
|
|
Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
|
I do it to be a market-KILLER, not a market-TIMER. 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
06-12-2009, 03:26 PM
|
#12
|
|
Recycles dryer sheets
Join Date: May 2006
Posts: 163
|
Hey, price of oil dropped a bit today. Thanks. 
|
|
|
|
|
06-12-2009, 03:08 PM
|
#13
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,004
|
Yeah, and its always happens right during prebuy season! I gotta buy now before it goes back up! 2.399 per gallon for heating oil. Last year I prebought at $.4.799... DANG!
|
|
|
|
|
06-22-2009, 11:01 AM
|
#14
|
|
Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
|
Damn, I'm good. 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
06-22-2009, 11:02 AM
|
#15
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,404
|
Think you killed the stock market too. 
__________________
If your gonna be dumb you gotta be tough
|
|
|
|
|
06-22-2009, 11:03 AM
|
#16
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 9,174
|
Good I'll give ya..............GREAT would be a stock market rally AND oil hitting new lows..........got any ideas??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Hybrid Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
Similar Threads
|
| Thread |
Thread Starter |
Forum |
Replies |
Last Post |
|
Oil, The Market, & YOU!
|
Tommy_Dolitte |
Young Dreamers |
15 |
10-07-2004 05:18 PM |
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
