Well if you Bought Oil at $147.... (Full Version)

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FatDomDaddy -> Well if you Bought Oil at $147.... (9/9/2008 6:18:47 PM)

Your investment is pretty screwed huh?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aE2xCjzFk5Xs&refer=worldwide





Thadius -> RE: Well if you Bought Oil at $147.... (9/9/2008 6:19:56 PM)

Not if OPEC goes with what Iran is asking for... At the meeting they are pushing for a lowering of production to bring prices back up.



FatDomDaddy -> RE: Well if you Bought Oil at $147.... (9/9/2008 6:28:02 PM)

I doubt it Thadius.

There is a huge glut of oil and OPEC makes no money if people don't buy it.



Thadius -> RE: Well if you Bought Oil at $147.... (9/9/2008 6:48:10 PM)

The Saudis recommended keeping levels where they are... we will find out soon.


Edited for a stray '



MistressNew -> RE: Well if you Bought Oil at $147.... (9/9/2008 6:53:11 PM)

Then again, if you bought in 2001, you'd be sitting quite pretty by now.



LookieNoNookie -> RE: Well if you Bought Oil at $147.... (9/9/2008 7:00:56 PM)

quote:

ORIGINAL: FatDomDaddy

Your investment is pretty screwed huh?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aE2xCjzFk5Xs&refer=worldwide


Indeed...several of mine.

(Last few weeks have not been terribly productive on this front).

However, I spoke to my advisor....and I've decided to invest in guys who stand at exit ramps with containers...I'm hoping to collect large.



proudsub -> RE: Well if you Bought Oil at $147.... (9/9/2008 7:34:25 PM)

So should i buy heating oil now or wait a little longer?



pahunkboy -> RE: Well if you Bought Oil at $147.... (9/9/2008 7:38:34 PM)

quote:

ORIGINAL: FatDomDaddy

Your investment is pretty screwed huh?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aE2xCjzFk5Xs&refer=worldwide





not to worry.  If losses get massive- the govt will give a bail out....



FatDomDaddy -> RE: Well if you Bought Oil at $147.... (9/9/2008 7:47:40 PM)

HA!...

Now that was funny!



LookieNoNookie -> RE: Well if you Bought Oil at $147.... (9/9/2008 7:48:46 PM)

quote:

ORIGINAL: proudsub

So should i buy heating oil now or wait a little longer?


Wait until late October...then buy.



TieNTeas -> RE: Well if you Bought Oil at $147.... (9/9/2008 8:23:45 PM)

OPEC oil ministers decide curb overproduction by more than 500,000 barrels a day
http://biz.yahoo.com/ap/080909/opec_meeting.html




Thadius -> RE: Well if you Bought Oil at $147.... (9/9/2008 8:33:28 PM)

Thanks for the update, now I don't look as crazy as my earlier post must have sounded.



OneMoreWaste -> RE: Well if you Bought Oil at $147.... (9/9/2008 9:11:43 PM)

I'm filling everything I've got while we're under $3.50/gal, because it ain't gonna last.

I do wonder what the fuck is going on with silver, though... the Fed is printing dough as fast as they can cut down the trees, with epic corporate handouts hitting the papers, and the dollar is UP? Bizarre.



Termyn8or -> RE: Well if you Bought Oil at $147.... (9/9/2008 10:11:26 PM)

OMW, it's just another manipulation. True market forces will come through. Big money is just trying to keep the big money. Silver will be up, might take a year, but it will.

Buy low sell high, simple as that. You just can't bet the farm on it because the payoff might not be right away. You need finacial patience, which I would define as having the resources to keep going on until the payoff comes.

Anyway, the price of oil going down is good news, and when futures holders start jumping off the bandwagon, they will further compound the "problem", which will benefit us at the pump.

T



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