Buying crude oil futures???

Skinny said:
Options which are more stable and have tax advantages.
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After he loses a bunch of money buying and selling futures, he can write it off. That's a tax advantage. :D
 
Good call :)
 
I'm going to drop out of this thread after this post.
Skinny, I and most others posting in this thread dont need a lot of background bcause we know the OP. Know his age etc.

That said, and the reason I asked my last question remain.

You think oil is risky and solar and wind are stable and you think I need to venture out into the world to see some of these installations.

I work in the Power Industry with a fair amount of experience aimed towards sustainable energy projects. The projects are certainly viable.
With the right partners there is the POTENTIAL to make good money investing in solar and investing in wind. There is also the propsect of going broke completely.
The challenge is, today, we dont yet know who those right partners are. We may have an idea on some.

But the oil industry is mature. It is known. It fluctuates, to be sure, but we can analyze and predict those fluctuations.

BP, Chevron, Exxon are not going under any time soon.

By definition the oil industry is stable the alternative fuels industry is unstable.
Both fluctuate.

Now feel free to going back to counting your assets. I wont enter into that e-penis measuring contest.
 
My apologies for not being able to mind read the OP's personal state and I am not part of his inner circle of friends either.

I'm sure those companies are not going under any time either but I'm sure those companies are investing in others that are part of new growing industries. I would think that is where the long term high gain is, not gambling on oil. I'm no expert but always try to keep an open mind to new things.

As far as my e-penis size, it is small just like the real thing Ron.
 
Oil still dropping.

LL looks like it may have bottomed.
 
Look at ethanol as a rebound vehicle. Fucking stupid that it's moving lock-step with oil. PEIX bounced last week, but should come back into support soon.
 
Looks like LL's bottom was put in on March 23rd.
 
Interesting news on LL today. Short sellers were behind the non-standard testing and 60 minutes report.


In a report published Tuesday, Cantor Fitzgerald analysts initiated coverage of Lumber Liquidators Holdings Inc (NYSE: LL) with a Buy rating and a price target of $45.
Lumber Liquidators' share price has plummeted by 50 percent since the company's conference call on February 25. The pullback offers "an opportunity to invest in a differentiated, growth-driven business model at an attractive valuation," the analysts said.
In the report Cantor Fitzgerald noted, "The product testing for the March 1 60 Minutes report on formaldehyde contamination in Lumber Liquidators' laminate was substantially funded by short sellers (this was admitted to by the program). The deconstructive testing methods funded by short sellers and reported by 60 Minutes are not equivalent to government testing standards - which makes sense to us, as consumers are unlikely to take apart their flooring and continue to walk around on it."
The damage from the 60 Minutes report has "largely been done," and the company's brand reputation has made a marginal recovery as regulators have noted that "the testing methods used in the television piece are not the same required for compliance." However, the real risks are the pending results from federal testing on the laminates product in question and the "ongoing and potential legal headwinds," the report mentioned.
Although the story has adversely impacted the company's results, the bigger concern areas are supply chain management and rampant discounting, the analysts pointed out. However, due to these issues over the past year, the company has easy y/y comps in 2015 and 2016. "Now that all distribution centers are up and running (LL tripled DC square footage last year), inventory management issues should be largely resolved," the analysts added.
The analysts express optimism regarding the company's value proposition and broad assortment being able to revive sales momentum and market share gains in the longer term.
 
It's going to be a long recovery for LL and Oil. You'll have better chances focusing on other areas that have already seen double digit gains YTD.

So between now and then, pick up that telephone and call me:)
 
EdJonesJeeper said:
It's going to be a long recovery for LL and Oil. You'll have better chances focusing on other areas that have already seen double digit gains YTD.

So between now and then, pick up that telephone and call me:)
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Yep, the CEO of LL resigned unexpectedly and the stock dropped 15% immediately. I think it will be much higher 1-2 years from now. I didn't buy much of it. I haven't bought any oil stocks, and probably won't.
 
Oil down HUGE today.
 
I've read oil may drop into the $30's

crude 8-13-15.jpg
 
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