Boy Named Sue said:
May be a FOMO move but I bought XOM 2/10 117C at open for .60
Sold half at .90. Gonna let the rest ride through lunch and see what it does this afternoon.
If you're going to be a degenerate around this place you gotta follow the rules. How many times do I have to say XOM is the most forgiving stock you'll ever own/encounter, it runs to ER,....it runs to Ex-Div,...it runs to Payout...and it runs a little after Payout. And, the other Rule is, it runs until it doesn't.. Good luck. XOM has a better than 50/50 shot at $120 next week. Ex-Eff Day is 2/13, so you have to buy XOM by or on 2/12 to collect the dividend.
I communicated to this board waayyyy earlier that someone was buying massive amounts of crude oil Futures in both WTI & Brent....everyday....at 225pm....for a couple months....observe the 5 minute volume....it's the largest daily trade by far against anything else....
thousands of contracts. I don't know who this is, but it's the most blatant, intentional, brash move I have ever witnessed in my life and my life was spent in commodities over 35 years. There is no hiding it and whoever it is doesn't care. This morning, that Long is smiling and will continue to smile for months to come. I'm thinking it's the U.S. Gov't because they can't source oil to buy for the SPR and they decided to hedge their physical Short. If it's not the U.S. Gov't, could be Russia. If not either of those, it's a hell of a set of brass balls about the size of South America.
I was recently introduced to a new hobby taking my time...and money (thanks to ProgN) bourbon collecting. One (1) degree when I got up this morning. I'm doing my best to burn the NatGas Long out there.. $10 gallon gasoline, give it to me. Y'all have fun.
