Crude oil pressed into 80 on Wednesday and closed at an all time high as OPEC lifting production quotas. Strange, even when driving season is over, no major hurricane. True, the crude inventory decreased 6 million barrels, but did the press tell you the inventory is still higher than 5 year average? Wasn't at the same level last winter the big guys tried to knock oil down to $40 when OPEC cut production, the press say OPEC always cheat? Now OPEC not only cheat, but also made public that they all agree to increase the production, but all the sudden they all say bullish.
How can you keep all of them in check and find out what is moving the market, who is lying, who is telling the truth? Somebody know all of these, you don't even calculate any of these. See the chart below for a clue:
Buy PGN
Earlier picks, CLN, CMI did well,
ANN -- the insider pick - breaks out!
Cheers,
Mkt Swimmer
Thursday, September 13, 2007
Show Me the Money
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2 comments:
hey swim-you are still not providing us with the how you are coming up with your picks-are you using canslim/IBD info-WSJ-paid subscription to the FOOL-what indicators? the ABX-VIX? bond market? what analysis tools are you using? i have followed before and been taken out back to the wood shed beaten and robbed-created pops/mini rallys then a fizzle-i think the guys who ran the site bought stock before they told others to buy @what price (set stops) then when MM rans stock up it would shoot up and the would sell their positions and go short-they made money up and down-a lot of their stocks choices had low volume-below 500K-i only saw thre stock picks in 4 months breakout-too many losers for the big winners to make a difference(break even)my guilt in that was over leveraging and not being nimble enough with my keyboard and stops-still do not use them cause i have been robbed a few times from the MM hitting all the stops on the way up and down-so i will follow ya swim i need more data-as they say-"dont give a man a fish,give him a fishing poll"
where is our fishing pole swim? :)
Yes, I will disclose my methodology slowly.
You know, when I disclose it too much, everybody jumps on the boat, the boat will sink, this is a well-known fact. But I believe we are just started, you guys take notice of me early will get more. When we reach a big audience, say several thousand clicks per day, I would worry, I may modify the content a little.
But my strategy is very complicated, involves computer program codes, I don't know everybody is interested in. What I can do is to introduce little by little with humor, so people can appreciate more.
Thanks,
Swimmer
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