EOM
XOM
Started by
10Shekel
, Jan 29 2009 07:42 AM
6 replies to this topic
#2
humble1
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Posted 29 January 2009 - 08:04 AM
are you thinking this is bullish or bearish? when oil was $150, the folks at GS widely and publicly predicted it would go to $200.
then, RIGHT AWAY -> WHAM!!!!!: right down the drain with jimmie rogers!
Edited by humble1, 29 January 2009 - 08:04 AM.
#3
10Shekel
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Posted 29 January 2009 - 08:08 AM
i need XOM to either touch near $70 per share or go to $85 for my position to become profitable
i'm not bull or bear - just freakish 
#4
ogm
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Posted 29 January 2009 - 08:34 AM
XOM is toast.
Best short of the year.
Oil isn't going anywhere but down.
#5
optionking
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Posted 29 January 2009 - 08:40 AM
OGM...you think XOM gives up a good chunk on earnings tomorrow....i am thinking maybe a 5-7 pt drop into Feb 2....
#6
ogm
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Posted 29 January 2009 - 08:42 AM
OGM...you think XOM gives up a good chunk on earnings tomorrow....i am thinking maybe a 5-7 pt drop into Feb 2....
Yes. Now that Goldman has set the stage with its downgrade ahead of earnings its the safest short in the market.
Look at Royal Dutch earnings today. Umm.. its was a loss actually ... Who would've thought.
#7
10Shekel
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Posted 29 January 2009 - 11:50 AM
ok ...ok - i admit it !
i have a bearish bias (& so do my positions)
i just added another layer to my long strangle for AMZN and it is majorly biased for the downside....
