Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (114467)	11/23/2018 8:52:46 AM
From: yard_man	1 Recommendation Recommended By Ms. Baby Boomer Read Replies (2) \| Respond to of 219715

that is quite a steep decline -- and straight down, too. got any market historians out there that can tell us when last we've had such quick % decline. yes, I'm lazy.

To: GROUND ZERO™ who wrote (114467)	11/23/2018 11:43:43 AM
From: robert b furman	2 Recommendations Recommended By GROUND ZERO™ Mevis Read Replies (1) \| Respond to 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