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