iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

If Oil is To Bounce, It Will Do So Now

One small side note about oil that none of you ham and eggers are talking about is the seasonality aspect. Oil never trades up in January, but tends to forklift higher ahead of the driving season.

USO

That’s right, even when times were good for the fat slobs in Venezuela, oil traded lower 8 of the past 9 years in January. That trend would reverse in February and March, setting up for a very timely long-trade in late January.

Because of this, coupled with dollar weakness, I started a position in SN.

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15 comments

  1. duckkell

    why not some UWTI for the win?

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  2. prometheus

    Fly, which way do you think will Apply fly after earnings?

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  3. prometheus

    Goddam fat finger – which way will Apple fly after earnings?

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  4. it is showtime

    The winner of the tug of war in this round is…

    Tuesssssdayyyyy
    Monday was indecisive. By knockout Tuesday is your winner

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  5. ammy hour

    Nice one. SN has almost $10/share in cash

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  6. xxxhuggiebearxxx

    I was flat on the day thanks to that wonderful, barbarous relic, GOLD. Its not too late to get in on the big 2015 GOLD RUSH.

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  7. sloop

    Oil will not bounce they’re going to drill it into the fucking ground that’s what they want to do and that’s what they’re doing

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    • duckkell

      thought the idea was to shake out all the piss ant drillers that need $60-70 oil to break even?? then boost the price back to just below those levels so they wont start back up?? why would our buddies in SA want to push the price ANY lower than they have to to get rid of these wanna be OILMEN??

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  8. cheese

    Exodus looks fucking amazing……….can’t wait……

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  9. budh

    There’s no tellin’.

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  10. teslawasright

    Deflate gate is upon us. You know it I know it. The Illuminati have sent a message

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  11. UncleBuccs

    Ralfy get’s it… http://www.tubechop.com/watch/4504190

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  12. gatorsun

    finally I agree with fly $sn.

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  13. Billy Cutting

    dirty SN

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