Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (14338)	2/21/2011 7:34:43 PM
From: Wayners	1 Recommendation Read Replies (3) of 221566

I'm making a ton of paper profits on UCO. People that held $11 and $12 calls that expired worthless must be beyond PISSED. I know I would be. UCO closed at $10.82, I calculate based on current May futures price for WTI Crude an open of nearly $12.62. I also just read that the U.S. Navy has the Iranian ships "boxed in" and apparantly under UN Resolution, the ships are subject to stop and inspection. I hope the U.S. Navy has the balls to do just that. If the Iranians fire back or launch aircraft from Iran to attack U.S. aircraft carriers we will see the biggest Naval Battle since the Falklands war and it will end quickly and badly for the Iranians.

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