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 685.66

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Dec 5 4:00 PM EST

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GROUND ZERO™

Mevis

To: GROUND ZERO™ who wrote (114467)	11/23/2018 11:43:43 AM
From: robert b furman	2 Recommendations Read Replies (1) of 219715

Hi GZ, Not sure but it looks like a combination of the worst of everything. Too much supply and less demand globally. I'd guess Russia needs to cut their supply. Big US oil is really boosting production in Permian - we are the price setter and Trump likes it cheap. Looks like he's getting his way. I sold some Exxon 70 puts today for 5.10 and 5.20. Exxon had very good earnings after having missed for the last several quarters. Some deep water projects came on stream late and they are kicking butt in the Permian. 3 year low = 72.16 net purchase price = 64.80 I think we ramp up big next week. Have a great weekend - I'm going hunting. Bob

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