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#11 leocleoc

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Posted 06 January 2010 - 11:40 PM

John,

Does your analysis still support an oil rally into March? Take a flyer on RTE.V. I have a little house money on it. It is managed by the people who founded tristar oil and gas.
TIA.

45 week low on oil coming in on cue. We may have a few more days of sideways or not. Crude is up $3 off its Monday low. I am positioned long having accumulated oil and gas equities in the last week as well as some drillers. I blew the natgas trade this month being in too early, but made up for it with these entries. Long USO from Friday @ 35.5. I'll add more from Monday onward and maybe some leverage.

Canadian plays SU, ECA, CVE, NXY, HSE, AET.UN, COS.UN and drillers PD.UN (PDS), CET.UN. Long all these with good entries.

Once crude confirms the low, it will be up into the spring IMHO.

cheers,

john



#12 vitaminm

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Posted 07 January 2010 - 12:45 PM

USO....projects... 46-47................ Jan 35 call since last post 35.00 UBOAI.X 6.05 Up 0.63 5.95 6.05 163 23,930 R@41-42 S@40-39
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#13 SilentOne

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Posted 07 January 2010 - 12:58 PM

hi leoclerc,

Yes I see a rally up into at least March. I'm not sure on the short term moves from here, but I'd be buying pullbacks. Playing the oil ETFs is the easiest, and least risk play to cash in on the potential move. Nothing is guaranteed and I will be trading the smaller energy plays carefully, although I have already seen great moves in the drillers (PD/UN.TO and CET.TO) for example and plays like GO.TO.

USO....projects... 46-47................ Jan 35 call since last post


And to confirm vitaminm's projection I have USO to 46 for the current 22 week cycle.

cheers,

john

Edited by SilentOne, 07 January 2010 - 01:01 PM.

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

#14 vitaminm

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Posted 21 January 2010 - 10:26 PM

USO.........S@36-35....................32
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#15 vitaminm

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Posted 14 May 2010 - 01:25 PM

USO..S@33-34...........R/T36-37..........oversold
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#16 klono

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Posted 18 May 2010 - 05:48 AM

The price of oil always seems to climb to a peak for Memorial Day Weekend. I think I remember Silent One (John) indicating that this scenario fits in with a cycle low having been acheived. Without this heads up, it would have been tempting to go long USO sooner in the month. However the drop to just below 70 (target) did occur as predicted yesterday. The cycle low occuring so close to Memorial Day weekend seems to make long oil a rational trade at this time. Could someone suggest a better alternative than USO as a vehicle to go long the price of oil for a trade? Jim

#17 vitaminm

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Posted 18 May 2010 - 01:02 PM

"Could someone suggest a better alternative than USO as a vehicle to go long the price of oil for a trade?"

uco

http://finance.yahoo...ource=undefined
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#18 vitaminm

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Posted 24 May 2010 - 02:24 PM

USO...projects...28-29 S@32 R@32-33 ..........34-35
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