Forum Posts by : asad (Forum Member)

asad

London, UK

Posted Anonymously

14 years ago

Apr 16, 2010 17:17

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Haitham,

This is your chance mate. Start offloading if you're there...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 16, 2010 17:16

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

WOW! Look at gold collapse!

Gun, good time to load up gold. We all know markets would be relatively higher on monday..

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 16, 2010 14:27

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

...and so the little brown thing met its logical end...

...and all traders lived happily ever after!

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 16, 2010 9:32

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Seems like a collapse for crude today. Then WHY take it to 86 in the first place? :p Market, innit?

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 15, 2010 17:05

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Gunjack,

I'm accepting bets from tomorrow. Make your muuuuuuvvvve.. :p

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 15, 2010 14:54

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Mont,

Loved you last sentence! :) To paraphrase you, it meant more than just words...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 15, 2010 13:32

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Haitham,

I can't, & won't, give you points of entry & exit EVEN if I were 200% sure on it...and EVEN if you were in the money. That's a principle I adhere to.

Crude looks extremely strong here. But the -ve economic outlook provided by the ECB & the Greek bond failure may weigh in to pull crude lower. And if a Dow correction sets in, then it'll be a REAL feast for bears.

I don't know today, but can expect some weakness on Friday. Let's see...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 15, 2010 13:25

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Gunjack,

Point taken. I never meant that crude CLOSED at 82.50. It was intra-day indeed!

I don't know about technicals, but fundamentals are STRONGLY pointing towards an upsurge in crude. No...not because of demand, supply & economic recovery...rather, an Israeli strike on Iran is geting closer & closer.

Latest news (rumors, you will) suggest that it could happen as soon as this summer!

Gun, HOW would you reward me if the made the FUN-DA-MEN-TAL shift of going long on oil...? :p

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 15, 2010 13:21

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Well, Mr Vermeulen (on of the Forum's benefactor's) reckons that gold is jet...set...go for 1500 in the coming months!

Hmm...

Asad

asad

London, UK

Posted Anonymously

14 years ago

Apr 14, 2010 18:11

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

Haitham,

First, did you recover any of your losses while the market was treading down to 82.50? Or were you waiting to recover EVERYTHING COMPLETELY at 80.50?

I'm asking this because EVEN if the market falls again, it wouldn't matter because you'd STILL be waiting for 80.50.

Me, personally, I recovered a well-previous loss (in profit, not principle!) by tripling down yesterday. I kept adding to my position as crude fell (& even during the multiple 100-pip volatility). In hindsight, you could've recovered by cutting your shorts above. Yes, it takes will...it takes money...but compare that w/ your position now!

Okay, there wasn't ANY big news for the traders to get orgasmic about oil today (if anything, not worth 86/barrel). 80, I don't know. But I believe it should be trading lower by Friday. Let's see.

Finally, I urge you once again to AT LEAST recover part of your losses while you can. Good luck...

Asad

Posts by "asad"