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Time to kill the oil market again.
Old 06-11-2009, 12:25 PM   #1
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Time to kill the oil market again.

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.
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Old 06-11-2009, 12:34 PM   #2
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My USL is up almost 40%. Looks like it's time to sell...
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Old 06-11-2009, 12:36 PM   #3
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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?
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Old 06-11-2009, 12:38 PM   #4
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Originally Posted by REWahoo View Post
My USL is up almost 40%. Looks like it's time to sell...
Two words: trailing stop.
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"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)
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Old 06-11-2009, 12:55 PM   #5
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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).
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Old 06-11-2009, 01:18 PM   #6
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I'm liking my energy fund now that I've got a 10 mpg RV to support.
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Old 06-11-2009, 02:20 PM   #7
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I've had Vanguard Energy fund for many years and it's been very good to me .
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Old 06-11-2009, 05:10 PM   #8
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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!)

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Old 06-11-2009, 07:54 PM   #9
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Gee! When the market goes up, all kinds of stock/sector pickers and timers surface to confess.
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Old 06-12-2009, 03:08 PM   #10
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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!
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Old 06-12-2009, 03:10 PM   #11
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Gee! When the market goes up, all kinds of stock/sector pickers and timers surface to confess.
I do it to be a market-KILLER, not a market-TIMER.
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"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)
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Old 06-12-2009, 03:26 PM   #12
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I do it to be a market-KILLER, not a market-TIMER.
Hey, price of oil dropped a bit today. Thanks.
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Old 06-12-2009, 03:57 PM   #13
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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.
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Old 06-22-2009, 11:01 AM   #14
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Damn, I'm good.
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"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)
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Old 06-22-2009, 11:02 AM   #15
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Damn, I'm good.
Think you killed the stock market too.
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Old 06-22-2009, 11:03 AM   #16
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Damn, I'm good.
Good I'll give ya..............GREAT would be a stock market rally AND oil hitting new lows..........got any ideas??
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