Oil bubble may have burst

Type941 · 08-09-08, 03:11 AM

at 135, so it's down to 115 now, which is quite good. In amounts? quite much, in 6 figures.

August · 08-09-08, 09:41 AM

I must be misunderstanding this. He bought when it was at $135 and sold now that it's down to $115?

SUBMAN1 · 08-09-08, 09:44 AM

Quote:

Originally Posted by August

I must be misunderstanding this. He bought when it was at $135 and sold now that it's down to $115?

Me too. I am not understanding!

-S

UnderseaLcpl · 08-09-08, 09:57 AM

I'm assuming he bought at 135, waited until it peaked at, (what was it, 145 or 150?) and then sold just before it dropped.

Just a miscommunication.

SUBMAN1 · 08-09-08, 10:04 AM

Quote:

Originally Posted by UnderseaLcpl

I'm assuming he bought at 135, waited until it peaked at, (what was it, 145 or 150?) and then sold just before it dropped.

Just a miscommunication.

Don't think so. There is also a way to make money on the fall of a stock, which is what I think he means by going in short.

-S

08-09-08, 03:11 AM	#1
Type941 Ace of the Deep Join Date: May 2005 Location: U-52 Posts: 1,270 Downloads: 2 Uploads: 0	at 135, so it's down to 115 now, which is quite good. In amounts? quite much, in 6 figures. __________________ Sink the Bismarck SH3 Movie

08-09-08, 09:41 AM	#2
August Wayfaring Stranger Join Date: Apr 2005 Location: Massachusetts Posts: 23,213 Downloads: 0 Uploads: 0	I must be misunderstanding this. He bought when it was at $135 and sold now that it's down to $115? __________________ Flanked by life and the funeral pyre. Putting on a show for you to see.

08-09-08, 09:57 AM	#4
UnderseaLcpl Silent Hunter Join Date: May 2008 Location: Storming the beaches! Posts: 4,254 Downloads: 0 Uploads: 0	I'm assuming he bought at 135, waited until it peaked at, (what was it, 145 or 150?) and then sold just before it dropped. Just a miscommunication. __________________ I stole this sig from Task Force