2017 Trading Thread - Page 103 - Business, Finances and Investing Forum

I was referring to the rest of OPEC. If they see the Saudis in disarray they may say screw the current agreement and pump away while the Saudis desperately try to keep prices up.

This was like the NYPD doing a bum sweep before new years eve. The Saudi's have OPEC on a string, and none of this is just happening. Any disarray is smoke and mirrors. We're talking about trillions on the line, and nothing is random at that level of social engineering.

11-06-2017 , 10:54 AM

#2553

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

sold next wave of tops 1.44. Man this is stressful

damn: not a moment too soon either

11-06-2017 , 11:21 AM

#2554

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

Ayight one last run with TOPS here from 1.31. Let's get some steak dinner.

edit: out 1.39

ok time to go be a productive member of society. Good luck all!

Last edited by rafiki; 11-06-2017 at 11:29 AM.

11-06-2017 , 11:46 AM

#2555

BooLoo

adept

Join Date: Oct 2013 Posts: 945

Quote:

Originally Posted by mrbaseball

I was referring to the rest of OPEC. If they see the Saudis in disarray they may say screw the current agreement and pump away while the Saudis desperately try to keep prices up.

i would suspect most of OPED is quite happy with the agreement and the direction of oil prices. saudis are eating most of the cuts and everybody gets 55$ oil instead of 40$. i don't see it breaking as long as the saudis are behind it.

11-06-2017 , 12:06 PM

#2556

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

added all kinds of oil plays today. Something wicked this way comes.

Added more NAL, GXN, CVE, HOS

11-06-2017 , 12:59 PM

#2557

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

selling calls in xop. break even is 59.03

i think theyre getting a bit too excited here

11-06-2017 , 01:11 PM

#2558

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

Could be, but the size of the short float on the oil trade has to play in right? Cotbase shows monster short positons still for oil.

11-06-2017 , 02:33 PM

#2559

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

Nat gas move is the impressive one today. Commodities traders don't have a try pair of underwear among them.

11-06-2017 , 06:56 PM

#2560

Smokey_The_Bear

old hand

Join Date: Jan 2009 Posts: 1,739

Holy ATVI batman.. now my worst trade 2017... I don't understand this move at all. Not sure if it's a tap out or double down situation.

11-06-2017 , 08:34 PM

#2561

Dagashi3

banned

Join Date: Oct 2017 Posts: 147

Quote:

Originally Posted by rafiki

Nat gas move is the impressive one today. Commodities traders don't have a try pair of underwear among them.

What caused the move in Nat Gas today?

11-06-2017 , 08:38 PM

#2562

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

Any thoughts on shippers day 3? Review 1 year ago for reference :P

11-06-2017 , 08:43 PM

#2563

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

lol having sold my TOPS earlier today for a fraction of the 160% it's up now, I don't want to think about shippers day 3 just yet

But the only way to trade them is to have every second of the trading session available to you. I stopped when the halts became too frequent and it became impossible to beat it. Looks like they didn't bother any halts in the PM, unlucky that I didn't get back to them. So tomorrow can be more of the same. Either they halt and everyone gets roasted, or honestly they don't halt and TOPS goes to $8-$10 over multi days.

Last edited by rafiki; 11-06-2017 at 08:48 PM.

11-06-2017 , 09:00 PM

#2564

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

I have some SHIP and SINO overnight. When shippers start to fall they plummet and don't stop. There's 0 value behind these moves so it's as high risk as it gets.

It almost feels like if someone spent 11 months of the year studying this sector they could make a years wages the ~5 big days.

11-07-2017 , 02:15 AM

#2565

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,471

Sorted every shipper filtering 10 day highest average day range. Highest to lowest.
DCIX TOPS DRYS RLOG GLBS ESEA SHIP DSX SAEX. Also SB has a good chart going. Watching LIT lithium etf for breakout.

Last edited by Jupiter0; 11-07-2017 at 02:27 AM.

11-07-2017 , 08:49 AM

#2566

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

Woah best of luck shorting TOPS. That thing can run so grossly now. Think you're safer on those other ones.

Kicking myself a little for not sticking to TOPS yesterday, but truthfully have no time to devote to it today. Was not to be.

Gonna be up well over 100% by the open.

11-07-2017 , 09:21 AM

#2567

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

I think he said sorted.

Out of my SHIP and SINO. It may be a bit early. Ill be watching this all morning with the rest of yous. Hopefully this sector works out as well for us all as last year.

11-07-2017 , 09:51 AM

#2568

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,471

Quote:

Originally Posted by DoctorZangief

I think he said sorted.

yes. I'm not short.

11-07-2017 , 10:08 AM

#2569

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

almost at 100% for TOPS

11-07-2017 , 10:26 AM

#2570

__w__

Pooh-Bah

Join Date: Mar 2007 Posts: 3,640

How bad am I crying with SNAP today? Or am I popping bottles?

Also oil...LOVE me some RIG. She just keeps slowly working back up.

11-07-2017 , 12:20 PM

#2571

wopbabalubop

banned

Join Date: Jul 2016 Posts: 610

Quote:

Originally Posted by __w__

How bad am I crying with SNAP today? Or am I popping bottles?

Also oil...LOVE me some RIG. She just keeps slowly working back up.

How much runway do you see with RIG? Mid 12's looks like a selling opportunity.

11-07-2017 , 01:04 PM

#2572

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

Almost totally rotated out of biotech. Wanna talk about hated right now. Should be a nice opportunity down the road for longs, but for now short the **** out of them.

11-07-2017 , 02:08 PM

#2573

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,838

HOS move looking strong. Might be able to cash in here again, would make me 5/6 on this one. Targeting 45-50% gain here.

11-07-2017 , 08:16 PM

#2574

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,237

11-07-2017 , 09:18 PM

#2575

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,471

Quote:

Originally Posted by Jupiter0

Sorted every shipper filtering 10 day highest average day range. Highest to lowest.
DCIX TOPS DRYS RLOG GLBS ESEA SHIP DSX SAEX. Also SB has a good chart going. Watching LIT lithium etf for breakout.

Holy crap RLOG ran 300%. I saw it an hour after open already up 100% and thought i missed it. Wow

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