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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 04-13-2020, 07:48 AM   #4456
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Who bought oil??? Gonna be rewarded this week it appears. Everybody is slashing oil production to get prices back to $40 a barrel.

When it tanked I borrowed 10K from my LOC and threw it at USO

I knew the cure for $25 oil was $25 oil.
Didn't buy oil, but I locked in enough fuel to get me through most of the year and a thousand gallons of gas. Had to stoop to threatening to switch fuel companies to get it done though.
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Old 04-13-2020, 08:13 AM   #4457
Buehler445 Buehler445 is offline
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Originally Posted by lewdog View Post
Does my 805 credit score get me a discount?

#R8ers
R8ers wouldn't have a credit score because he's all cash.

Unless I missed something.
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Old 04-13-2020, 08:13 AM   #4458
Buehler445 Buehler445 is offline
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Originally Posted by ghak99 View Post
Didn't buy oil, but I locked in enough fuel to get me through most of the year and a thousand gallons of gas. Had to stoop to threatening to switch fuel companies to get it done though.
Dad contracted fuel about February...Go figure.
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Old 04-13-2020, 08:16 AM   #4459
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
Who bought oil??? Gonna be rewarded this week it appears. Everybody is slashing oil production to get prices back to $40 a barrel.

When it tanked I borrowed 10K from my LOC and threw it at USO

I knew the cure for $25 oil was $25 oil.
Ya know, they always told us the cure for cheap corn is cheap corn. It took like 10 years (lets call it 02 to 12) for corn to drive the market because of ethanol.

That would have been a hell of a lot of margin calls and commission if you had done it on the board.
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Old 04-13-2020, 08:17 AM   #4460
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Quote:
Originally Posted by Hog's Gone Fishin View Post
Who bought oil??? Gonna be rewarded this week it appears. Everybody is slashing oil production to get prices back to $40 a barrel.

When it tanked I borrowed 10K from my LOC and threw it at USO

I knew the cure for $25 oil was $25 oil.
USO a buy at $5?
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Old 04-13-2020, 08:32 AM   #4461
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Originally Posted by lewdog View Post
Now is not the time to get foolish. Let's talk about long term investing in sound companies. Here's my current list of positions I'm looking to add during this downturn for long term growth.

Johnson and Johnson
Visa
McDonald's
Apple
Catepillar (I question having this included)
Nike
Honeywell

Companies you'd add?
Microsoft
Paycom
Shopify
Brk-B

Teladoc Health is worth looking into with the way the medical field will go as a result of covid19
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Old 04-13-2020, 08:53 AM   #4462
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by lewdog View Post
USO a buy at $5?
Before the Saudi Prince and Russia said they were going to flood the market USO hung out at $9-$12.

Personally, when it hits $10 I'm out unless momentum is strong then I'll follow it but I don't see it going much past 10
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Old 04-13-2020, 09:01 AM   #4463
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by Buehler445 View Post
Ya know, they always told us the cure for cheap corn is cheap corn. It took like 10 years (lets call it 02 to 12) for corn to drive the market because of ethanol.

That would have been a hell of a lot of margin calls and commission if you had done it on the board.
Every time I see the word ethanol I get angry. It's what caused me to go out of business in 2008 and become a lease farm. I can't even run ethanol in my boat now because it's bad for the motor.

Remember $8 corn?? 2007-2009
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Old 04-13-2020, 09:02 AM   #4464
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Old 04-13-2020, 09:18 AM   #4465
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You're fighting decades of data that says no in terms of real prices but theoretically yes.
Makes no sense why it wouldn’t unless people just wanna sit on homes
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Old 04-13-2020, 09:22 AM   #4466
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That article was interesting Lew. While I do think we’ll see another considerable drop from awful earnings reports in the next month, I’m not sure it will go to 18,000 range again. I could definitely see 19,000.

Either way it doesn’t matter to me. Even right. Is there’s some damn good bargains o it there on great companies if you’re like me and planning to go long term.
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Old 04-13-2020, 09:23 AM   #4467
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Makes no sense why it wouldn’t unless people just wanna sit on homes
Hence why I said real prices. Nominally, there'll be a drop but it's not going to be anything material to marginal buyers.
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Old 04-13-2020, 09:35 AM   #4468
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Old 04-13-2020, 09:52 AM   #4469
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Old 04-13-2020, 10:37 AM   #4470
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Makes no sense why it wouldn’t unless people just wanna sit on homes
The housing market in New Jersey is about to get crushed.

Home sales in the state, second only to New York in coronavirus cases, may fall as much as 45% this year from 2019, while prices will drop as much as 12%, according to Jeffrey Otteau, president of Otteau Valuation, a real estate consultant in Matawan, New Jersey.

“People will be taking homes off the market and in spite of that, this will be a buyer’s market, with low inventory,” Otteau said. “It’s unusual.”

Getting a sale will require a deep discount, maybe 20% below what the seller was planning to list for, he said.



https://www.bloomberg.com/news/artic...m-feeder-feast
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