$30,000 Millionaire said:

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Congrats if you took upro with me.

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I went with SPY calls. Similar idea. I closed them out +21%. Onto the next trade.

Another wrong trade for me that led me to average down and it only hurt worse. Learn from your mistakes and cut losses…

Edit: I should start doing the opposite of what I think and I'll be successful in the market.

Bang bang bang

Give me those G7 Price Caps and make it snappy. Europe paying up for LNG and honking the rest of the world off by driving the price up on everyone else. Refinery Iranians going on strike (severed hands punishment not applicable to this group) look for severed heads. That $2.0 trillion dollar margin call to European banks and utilities is true, other estimates lower it to $1.35 trillion, but what's a trillion between friends - when they don't have it! UBS says crude to $125 because Russia turns the valve off. Menendez says quit selling weapons to Saudi cause they cut crude production...whatever.

As for XOM,....repeat after me, "One-ten by month end". Keep repeating.

ABBV is having a good run to earnings on 10/28. Maybe a dividend increase announcement with an earnings beat.

Bankrate analyst James Royal, "Many Americans have woken up to find that their crypto is worth no more than pet rocks. It's not surprising at all that Americans are losing faith in a confidence game.".....Okay, does buy it when everyone is running from it apply here?

I've been loading XOM as often as I can afford in my IRA from your recommendations. I agree with your assessments and I really appreciate you beating the drum on XOM

Brian Earl Spilner said:

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Pretty quiet today.

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I don't want to do anything that will scare away a potential rdr

TSLA has had like 9 red days in a row. i have 216ish as a pretty key level on the daily...maybe due for a bounce there.

Ferocious selling out of nowhere. It's a program obviously. MM playing with everyone.

Looks like my TQQQ orders are going in after all.

There is nothing but bullish news for crude and it's down. Saudi will cut again. They already said they would react swiftly between meetings, if necessary. Green Energy is the scourge. The tug-o-war between crude and the rising dollar. Fed wants to raise rates and Brandon wants to print money to give away. That's some real coordination for disaster.

I am going to laugh and laugh and laugh if we close at 3650. Unlikely. Too far to go.

23 minutes for glory and 60 points.

I missed this.

BSG, this might be the bearish input you're looking for; however, this is not bearish XOM or O&G. Joe just wants cheap gas until the election is over.

WTI Futures reacting to -

https://www.stripes.com/theaters/us/2022-10-11/biden-reevaluate-saudi-arabia-7652707.html

Quote:

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President Biden is starting to rethink what the relationship between the United States and Saudi Arabia should look like after last week's announcement by a coalition of oil-producing nations led by the kingdom that it will slash oil production, a move Biden had warned would push up gas prices worldwide and bolster Russia in its war against Ukraine, a White House spokesman said Tuesday.
"I think the president's been very clear that this is a relationship that we need to continue to reevaluate, that we need to be willing to revisit," White House spokesman John Kirby said on CNN, reiterating Biden's disappointment in the decision by the Organization of the Petroleum Exporting Countries and its partners.
"Certainly in light of the OPEC decision, I think that's where he is," Kirby said. "And he's willing to work with Congress to think through what that relationship ought to look like going forward."

Kirby, the strategic communications coordinator for the National Security Council at the White House, said he had no announcements to make about where that process would lead, but said U.S. officials, including Biden, will "think about what the right relationship with Saudi Arabia needs to be going forward."
Asked about a timetable, Kirby said, "I think the timeline is now, and I think he's going to be willing to start to have those conversations right away."
Biden administration officials had launched an extraordinary effort to press Saudi Arabia to produce more oil to compensate for the global shortage caused by Russia's invasion of Ukraine, with the president personally visiting Saudi leaders in a trip to Jiddah in July. With last week's announcement, Saudi Arabia rejected those entreaties, at least in part.
Officials had hoped that Biden's trip to the kingdom would improve the Saudi relationship across a range of issues, including the global supply of oil.
The cut in oil production helps Russian President Vladimir Putin as he wages war on Ukraine and was seen as a possible trigger to increasing gas prices in the United States weeks before the midterm elections, when Democrats' slim majorities in the House and Senate are in jeopardy.

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ETA: Saudi took his belt off and gave Brandon a warm up whipping. Brandon now knows he can't win.