Comments on: Oil Ready For New Highs? http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/ Investing Online Made Easy Fri, 20 Nov 2009 09:55:02 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Blain Reinkensmeyer http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-51175 Blain Reinkensmeyer Mon, 16 Jun 2008 04:25:51 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-51175 JRCC has had an insane run. One reader had it at $40 and I am just jealous I missed it. JRCC has had an insane run. One reader had it at $40 and I am just jealous I missed it.

]]> By: Blain Reinkensmeyer http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-51174 Blain Reinkensmeyer Mon, 16 Jun 2008 04:23:32 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-51174 Chemical stocks have had some fantastic runs, NEU was another until it got completely hammered in late April. Chemical stocks have had some fantastic runs, NEU was another until it got completely hammered in late April.

]]> By: RayJMan http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-50972 RayJMan Sat, 14 Jun 2008 19:34:17 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-50972 Doh per my last comment, I meant JRCC (James River Coal), not JRJC....albeit JRJC has always peaked my interest from time to time.... Doh per my last comment, I meant JRCC (James River Coal), not JRJC….albeit JRJC has always peaked my interest from time to time….

]]> By: RayJMan http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-50971 RayJMan Sat, 14 Jun 2008 19:31:53 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-50971 I've had FDG (Forging Canadian Coal Trust) for a while now. I like the trusts a bit more as they don't take quite the tumble when commodities do. While the strength of the dollar continues, I still can't deny the multi year weakness. I've shorted oil in the past, but it's a good trade onny approach and I think you need to get out rather quickly with these wild swings as of late. I bought a JRJC call and sold it, then finally gave up and bought some common for my IRA. Hoping it continues, but may be a risky trade. There are better coal companies out there that I like and used to own (BTU, PCX, MEE), but they are all so toppy right now. What a hard environment to invest in. Wish all the best of luck, but for right now I'm just giving up and going with what is working. I'm long the SSO, but it's a long term play. I think the good trade for now is simply getting commodoties on dips. The dollar index tried to break out 3 times, this is the higher 4th on the year chart where it finally did make a new high, but again, mixed sentiment. I’ve had FDG (Forging Canadian Coal Trust) for a while now. I like the trusts a bit more as they don’t take quite the tumble when commodities do.
While the strength of the dollar continues, I still can’t deny the multi year weakness. I’ve shorted oil in the past, but it’s a good trade onny approach and I think you need to get out rather quickly with these wild swings as of late. I bought a JRJC call and sold it, then finally gave up and bought some common for my IRA. Hoping it continues, but may be a risky trade. There are better coal companies out there that I like and used to own (BTU, PCX, MEE), but they are all so toppy right now. What a hard environment to invest in.
Wish all the best of luck, but for right now I’m just giving up and going with what is working. I’m long the SSO, but it’s a long term play. I think the good trade for now is simply getting commodoties on dips. The dollar index tried to break out 3 times, this is the higher 4th on the year chart where it finally did make a new high, but again, mixed sentiment.

]]> By: Steve http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-50858 Steve Fri, 13 Jun 2008 21:22:23 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-50858 Have a great weekend yourself, Blain! Btw, I got stopped out of GRMN at 49.50 for a loss. Guess, the stock wasn't ready. Have you seen IPHS? I would like to find something like that early and put all of my eggs in that basket. WOW! Have a great weekend yourself, Blain!

Btw, I got stopped out of GRMN at 49.50 for a loss. Guess, the stock wasn’t ready.

Have you seen IPHS? I would like to find something like that early and put all of my eggs in that basket. WOW!

]]> By: Blain Reinkensmeyer http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-50855 Blain Reinkensmeyer Fri, 13 Jun 2008 21:02:43 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-50855 The trend continues! Looking back now I should have held my position in ANR :) Have a fantastic weekend Steve. The trend continues! Looking back now I should have held my position in ANR :)

Have a fantastic weekend Steve.

]]> By: Steve http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/comment-page-1/#comment-50852 Steve Fri, 13 Jun 2008 20:28:47 +0000 http://www.stocktradingtogo.com/2008/06/12/oil-ready-for-new-highs/#comment-50852 Blain, Coal stocks are super hot! Check out ANR,PCX, JRCC, and WLT. I missed those. I bought into NCOC today. I will hold it and see if it can run like JRCC. Blain,

Coal stocks are super hot! Check out ANR,PCX, JRCC, and WLT. I missed those. I bought into NCOC today. I will hold it and see if it can run like JRCC.

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