Lgrnwd

If you liked it $22, you are going to love it at $12...

[quote]I’m short.[/quote] You and a LOT of other people. Maybe too many...

Not at $30, over $30. Actually mid to upper $30’s would be ideal. Oil was due for a bear market rally. But demand for oil is going to remain painfully low for quite a while and the price war is not going anywhere anytime soon. And mid to upper 30’s will start to hit Fib retracement level...

Seems almost too obvious. Maybe closer to $35? I don’t know, I may have talked myself out of it. Board opinions?...

If it gets back up to 2600 shorts are going to be sweating. It gets above 2650 and shorts will be scrambling to cover. And there a LOT of shorts out there right now. I really think that needs to be worked out of the market before we test lows again. Not enough people have been suckered i...

Agreed. Do not take that deal. Car dealers are going to be hurting big with all that is going on. Buyers have all the leverage right now. Play hardball. If he doesn’t budge you should be able to find a dealer who will in the near future. ...

Yes. Oil got ahead of itself this morning. It was dying for some type of “good news”, and when it got it oil bulls got a little too rambunctious. People jumped at the chance to take some big quick profits, and that’s what we have seen since this morning. Whether or not this oil rally has mo...

[quote]i mean... what happens when we get to the multi month mark of lockdown (which seems likely at this point) and millions of people are multiple months delinquent on mortgages or unable to pay their rent? We do know that over half of america lives paycheck to paycheck[/quote] Most mortgage co...

Saints5021 looks like the “good news” for oil we were talking about is here. Question is how long will this last. ...

There was near record level short positions in the market this week. If the market doesn’t turn back down soon you will see some serious short covering. That will provide rocket fuel for the next rally. ...

and goes up. Welcome to the jungle baby...

The years following the 2008-2009 financial crisis, the market loved when bad economic data was released, because it meant more stimulus coming. I was just getting into trading at the time and got burned a few times trying to short the market, because “logically” it SHOULD have went down. ...

Futures were up big, then dropped to flat after Jobless claims release. Oil is up big right now, so that is offsetting the affect of the jobless claim number. ...

I don’t have an answer for that. But if there is one area of the market over due for some type of “good news”, it’s oil. And it will respond significantly and quickly. ...

[quote]I know oil is way down. Marathon Oil is at 3.10, which is the lowest it has been all year. Thinking about getting into it today.[/quote] Oil has been mostly flat the last 3 days. It was even posting a small gain for a while today, despite the market being down a lot. At some point ...

Yes...

[quote]Going to drop big Thursday. Unemployment numbers come out[/quote] Logically you would think so. Which is why I am hesitant to make that call. Market is already expecting terrible unemployment numbers. The big drop today is partially due to people front running the unemployment numbers...

Shorts seem real confident right now. And this is coming from someone who has been expecting a retest of the lows in the near future. Be careful out there guys. ...

What timeframe did he say we would hit those numbers?...

I heard they are getting their reps in together via Madden online...