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Posts by "asad"

793 Posts by Anonymous "asad":
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 18:41
Radu,

What makes you think I wasn't smiling before. I have been CONTONUOUSLY shouting short, short, short for the past ten days. In fact, I was the first one to scream short when others were talking about longing oil...and it breaking through different levels. Remember how many times I write, 'MARK MY WORDS'?

See how oil collapses in the coming days. In the medium term, it's play b/w 50 & 60. Now go play... ;)
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 17:44
Qin,

Very thorough analysis on Ben keeping his job & QE in Canada. Good!
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 17:39
Smiler/Ashraf,

Did Smiler write 'stop' & did Ashraf write '75.20'? Either Smiler meant 'limit' or Ashraf meant '65.20'...
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 1:49
Forum,

The fact that crude (normally $2.5ish cheaper than Brent) is currently priced above Brent suggests that it is ONLY the hurricane europhia that's (artificially) supporting the crude price level (owing to supply fears). Note that Brent remains consistent over the past week!

The moment hurricane passes, we can expect prices to crash! My target would be b/w 60 - 58 in a fortnight. I can, and may be, wrong the price level...but pretty much confident of a huge short trade in the offing.

Offload currencies, liquidate equities...and get ready to short crude. Then we'll have a get together at mahiki or Nobu...
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 1:10
Qin,

...but I agree w/ you that N.Gas is one of the best long-term investments. But so is RBS and Iraqi Dinar! :)
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 1:08
Spec,

Can you kindly elaborate on your short-term oil price forecast? Because I totally disagree w/ you. It is important that you and me agree, otherwise one of us will be making a huge loss! If not, poor Radu might be crushed in b/w sing your forecasts.

Give me ONE good reason oil is going higher in the short-term. It has absorbed all the real, and speculative, happenings and STILL unable to break 74. Surely some military action in the ME would be the sole reason to go further.

It's down down...and all the way down from here. Again forum, mark my words...


P.S. My ONLY position is short...and going shorter w/ every $2 drop in price!
asad
London, UK
Posted Anonymously
15 years ago
Aug 25, 2009 0:55
Qin,

N. Gas inventories are near full (even to sustain winter '09). In the short term, NG is an average investment (unless Russia decides to do a Russia again ;) ). Oil is set to decline as well by the year end. Let the hurricane pass, then set crude to short & go party (although it will come down w/ a bang w/o us setting up shorts).
asad
London, UK
Posted Anonymously
15 years ago
Aug 21, 2009 14:33
Forum,

I may be heavily criticized for this passing (even general) statement, but there is no (repeat, NO) underlying strength to rallies in the currency, commodity & equity markets. All the data coming out - PMI, crude inventories, retail - is just a blip. Ask yourself. Are we out of recession yet?

It's ALL manipulation going on - aptly pointed out by Qin about the deliberate weakening of $ to support (but then what is oil in turn supporting? *smiles*) - & the world markets must be due (if not overdue) for a massive correction. They say the if oil breaks 74.50, the next stop is 95. Ha! Ask yourself again. WHY?! What supports 95 when there are no jobs & the industrial output has barely recovered!

& hey, if oil does reach 80, you can FORGET recovery! No oil demand...& oil back to 50. Back to square one. Catch 22, isn't it?

Mark it again. The (short) oil play of the year is coming. Shorting down to ឬ. & oil will certainly trade b/w 40 & 50 in Oct/Nov (caveat: barring extraordinary events - i always write this *smiles*)

P.S. Btw, i'm still short at 73...and will open a new position ᢃ. I may be wrong...but at least I'm backing my logic (which again could be wrong *heheh*)
asad
London, UK
Posted Anonymously
15 years ago
Aug 21, 2009 0:48
fdasalguero,

"Asad, I don`t agree in one sense with your strategy. I like that you diversify in different prices your risk so you have more oportunities to close a position with profits but if you have a bearish strategy for example in oil it makes more sense to open the bigger position at 73 and the smaller one at 69 reducing the posibilities of incurring in bigger losses in case of a retracement."

- You are precise in stating and certainly, I would set a bigger short position initially...and keep reducing the positions at different price levels...but please understand that this situation in different!

The price can go from 73 - 71 and hold...from 71 - 69 and hold...but if it breaks, say, 68.50, it's all the way down to 64! In this case, there's a bigger 'short' margin at a lower price level...so this is why I suggested this strategy to Radu (esp/ keeping in mind his losses).

On a normal trading day signalling short, yes...I would follow the strategy outlined by you.
asad
London, UK
Posted Anonymously
15 years ago
Aug 21, 2009 0:33
Ashraf,

Thanks for the tip. But tell me (as naive as it may sound)...you wouldn't be making any money out of it would you? It's for pure risk management, is it (unless you're holding only DUG).

For s/one who's short of oil, either s(he)'ll make double profit or double loss. For s/dome who's long on oil, the gains/losses will be cancelled out by DUG.

Basically it acts as risk management tool unless it's held on its own (as an alternative to shorting oil). I'm just confirming?