T noBOONE Pickens came out from beneath the covers to provide an excuse on why his $70 oil price prediction failed. He blamed OPEC for not reducing supply... which everybody and his brother already knew OPEC woul not. In his capitulation speech he also indicate that the supply of oil from the Middle East grow , not shrink, as IRAN and IRAQ will likely be producing more oil in the near and far future. Not spewed by Pickens but also a major factor is that the USA politicans are likely,…
Wow, major players like Icahn, Dave Tepper, Bill Goss for example all spewing how bad the market is going to be... looks like 3J is part of that establishment, The Public media has been down on the market for weeks now. WIth the Public and hedge fund managers all down big time NEGATIVE on the market....
you know what'll happen. the public is always wrong........
In a whiplash type of market, on a day when the market is down, 3J yells and screams, beats his chest, and makes claims that he is the 'greatest trader'.
However, possibly the next day, when the whiplash type of market is UP, 3J goes off hiding in his hole, turns silent, and bemoans the market, totally baffled and dumbfounded, eventually comes out of his hole, and belates some old forgotten trade made over 5-8 years ago that went his way... totally forgetting the reality of today's market.
Time to rebuild this site.. from the last man standing. See my comments on stocks.
Labor day weekend is usually a time where the demand for oil is at the highest. However, gas prices are at their lowest. EXPECT more lower crude oil prices from this point on.
Sentiment and talkin up OIL only lasts temporarily...OIL DEMAND is down while SUPPLY IS HUGE
In further erosion of USA ban on exporting OIL.. USA firms now win right to trade Oil to Mexico.... more USA oil , meaning more supply, now available in world markets.
T Boone Pickens now relegated to talking about the beginning of Dove hunting season after spending a year talkin up Oil going to 100, then 70.
I bought into QQQ again in August. For the last few years, I have purchased QQQ and sold in late 4th quarter for profit each and every year.
Made a number of other moves. See my website for details.
T biggest buffoon Boone Pickens hasn't come off his $70 per oil barrel price. In the meantime Oil supply is flooded throughout the world and especially now with China's meltdown.
T Boone, who went long with oil futures earlier this year should step down as an 'oil price predictor' as he likes to think of himself.
Dear ole 3J, bless his heart, has questioned the spin-off share cost basis of a stock in my public portfolio that is listed on my website. The stock in question is EBAY and it's spinoff, PYPL (Paypal).
EBAY had a stock spin-off of it's paypal company into a separate company listed now on the stock exchange as PYPL. The spin-off was 1 for 1. For each share of EBAY, the holder received one share of PYPL.
To determine the cost basis and hence the beginning share value (purc…
Some people tout so-called safe stocks, so-called 'fundamentally sound low p/e ' equities. Some people however like to make money in the market and follow my public portfolio on my website. Many of my stocks are what I call 'wild bunch' stocks... that is high capitalization growth glamour stocks which some investors consider too volatile and unsafe.
The wild bunch stocks, in my opinion, are the stocks that make you money. Another example today is one I have touted for some time now and is…
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