$30,000 Millionaire said:

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Harry wang aggressively buying puts.

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I will never not laugh at this name. I can't help it.

If holding XOM, things you can look forward to -

* Continued runup to dividend payout on 9/9 (should challenge $105, maybe $107)
* Stock buybacks will represent about 4% of the daily volume, on average - every trading day
* Last week of Oct should be Q3 Earnings Report and likely to be as good as Q2
* Last week of Oct should be the dividend increase announcement (somewhere between 3 & 5 cents per share)
* The Whiting Refinery is still down
* Hurricane season is here, 4 disturbances noted
* Secretary of Energy encouraging Big Oil not to export refined products
* "It's a "fantasy" that the global energy crunch will be easy to overcome", Ben Van Beurden, chief executive officer of oil and gas giant Shell Plc, said at a conference in Norway.
* SPR releases of crude are scheduled to stop at the end of October
* The crude S&D is short without SPR releases, crude going to $120+ just before, or when, releases stop
* China appears poised to reopen in October
* IMO, the supply of energy or housing or both need to be greatly increased; otherwise, the Fed will blow up this economy on the current path and Jackson Hole statement JPowell gave. Continued tightening will break something, Treasuries, credit, housing, hedge fund blowups. Interest rates less than true inflation is stimulus. Interest rates equal to inflation would consume the entire federal government with interest paid on the national debt. The Fed cannot end inflation without some sort of "dynamite boom".
* Abdulaziz bin Salman Al Saud
* XOM Q4 will shape up nicely
* XOM #1 NatGas supplier in U.S.
* XOM #2 NatGas supplier in the world
* NatGas price ain't goin' down, now it might take a breather because nothing goes straight up, but it's not coming down - either way(Gas ^ & NatGas v - OR - Gas v & NatGas ^ - OR - Gas ^ & NatGas ^) Q4 will shape up nicely
* XOM, probably going to achieve those analysts estimates of $120 a share by the end of the year

GLTA & PTLA

On SPX. Obviously anything can change, but I think 4020 has defended.

$30,000 Millionaire said:

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Spoony Love said:

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Maybe for today but premium was high and is still a little high. Once the MMs eat up the premiums, we should lose 4020. Waiting to see what happens now

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Why do you think that?

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Because he wants @59 South to pay me

These are unrelated concepts. I think intraday we may have bottomed. On a multi day basis, it's bearish until proven otherwise. Know your time frame!

With the recent negative decision on the ear plug lawsuit; I'm looking at getting into MMM (3M) in my 401k for a long-term hold for a discount price.

Any thoughts on buying MMM at the current discount? I know they are appealing the decision but it may be several years until it's resolved. But the dividend yield with a long-term hold is appealing to me.