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- narafa replied May 23, 2008
Man, don't get us wrong, we are just trying to be contrarians when everyone is bullish, that's all...It's not about picking tops and bottoms, rather than trading against the masses because we believe there is nobody left to buy at current prices at ...
- narafa replied May 23, 2008
LOL...Ya, I almost got burned in this one....Got out with very small profit...Strangley, after I shorted, the market collapsed $3 during the US session and then turned higher to the open during the last hour where I covered my short...Looks like ...
- narafa replied May 14, 2008
Remember, this is what we were talking about earlier, that OPEC can't control the oil price anyway, even if they have the supply side of the equation only... You see OPEC does know their production capactiy and they can't short oil in the future ...
- narafa replied May 14, 2008
Time to short.... Merlin, are you with me on this one? I am shorting OIL right away at $124, at least for a quick gain of $10-$15 at least... One of my main triggers is the Egyptian Government...They raise gasoline prices just before every major ...
- narafa replied Nov 30, 2007
Well, I think we missed this trade Merlin...We should have been paying attention to oil at $98 for a possible short just as last time...All the hype in the market were talking about oil going to $120 and the market was actually having a tough time ...
- narafa replied Oct 7, 2007
Well, as you mentioned corn, did I mention that I am currently long corn futures : at the moment. Thanks, Nader
- narafa replied Oct 7, 2007
Well, that's a tough question and a hard situation For myself, I know that I won't dare to be long oil for the long term since I can't withstand to see oil dropping like a rock while reversing the long term trend against me because the ...
- narafa replied Oct 7, 2007
Of course they can control the price of oil, but to a certain extent. Things get out of hand sometimes, while during other times, things are just aligned to their favor Thanks, Nader
- narafa replied Oct 6, 2007
Other than the fact that when prices increases people start looking for alternatives, when prices increase, people usually look to consume less if they can't find a cheaper or a safer alternative. Thanks, Nader
- narafa replied Oct 6, 2007
Well, agreed. This is exactly what a well diversified fund would do. And remember that other currencies suffer from inflation and declining buying power as well. Of course they hedge against a declining dollar through currencies, but they can't ...
- narafa replied Oct 6, 2007
But OPEC have nothing to do to bring prices down to this level as they have several limitations related to production. Thanks, Nader
- narafa replied Oct 6, 2007
I use InteractiveBrokers as well for all my trading. They are great in futures and options on futures. Thanks, Nader
- narafa replied Oct 6, 2007
I totally agree with you Merlin. I am not yet ready to short it as well. When the USD starts to stall and oil keeps moving up, the time to start initiating short would be very near. Thanks, Nader
- narafa replied Oct 2, 2007
Sure, I agree that commodities went up due to supply and demand. But isn't supply and demand related to Gold/USD? If USD supply is huge and gold supply is restricted, doesn't that imply that the pirce of Gold/USD will see a rise? Pure steady ...
- narafa replied Oct 2, 2007
This is exactly what the current uptrend in commodities is getting steam from. Most funds are transfering their weak US dollars into hard assets which are commodities like gold, silver and oil since real estate is not the best choice right now. ...
- narafa replied Oct 1, 2007
My technical view for oil dictates that the current uptrend in commodities is to continue for some longer time, however, for sure we are nearing the end of this nice trend relative to the whole life of it. Thanks, Nader
- Posts by Member Search: 'narafa'