Monday, March 9, 2009

Welcome to BEDROCK! ~ Exxon Mobil Corporation (Public, NYSE:XOM)

Trading the DINOSAUR! 

in the morning we traded XOM on the *short* side with the MARCH 65 puts (XOMOM) ... from Dino's ear to his mandible!! *all winners!

 Then on the late day "fake-jaw-break"  ...

BuyOnTheDip added XOMCM 

march 65 calls of Wiiillllmmmaaa!  

get long the DINOSAUR.

..... yabbba-dabbba-dooo!

p.s. have a gay ole time.  good night. 


BUY ON THE DIP said...

if DINO's face starts to melt off, hmmmm. sell sell sell. ...its a long ways back to his feet.

charts never lie. sleeping dogs do. doo doo.


Kidd Jones said...

mark to market already shot down by reuters before it ever rumored around. But I sold my FAS pre market for a 20% gain.

BUY ON THE DIP said...

take 1/2 off. $XOM calls. $GS calls. etc.. BAC,

IYR is still worthless. hold.

BUY ON THE DIP said...

it's all good.

Anonymous said...

fazol that is nuts how fast it moves
9.20 5.10 (124.39%)

BUY ON THE DIP said...

EXXON! *calls

XOM 67.39 +2.82 (4.37%)

yabba dabba doooo!

HUGE day for the DIPolfio.

new YTD high. go team!

Kidd Jones said...


where is your buy point on FAZ? or are you even going back in? haha

BUY ON THE DIP said...

It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. ”

“ Old man Partridge's insistence on the vital importance of being continuously bullish in a bull market doubtless made my mind dwell on the need above all other things of determining the kind of market a man is trading in. I began to realize that the big money must necessarily be in the big swing. Whatever might seem to give a big swing, initial impulse, the fact is that its continuance is not the result of manipulation by pools or artifice by financiers, but depends upon basic conditions. And no matter who opposes it, the swing must inevitably run as far and as fast and as long as the impelling forces determine.

BUY ON THE DIP said...

“One major mistake of all speculators is the urge to enrich themselves in too short a time. Instead of taking two or three years to make 500% on their capital, they try to do it in two or three months. Now and then they succeed. But do such daring traders keep it? They do not. Why? Because it is unhealthy money, rolling in rapidly, and stopping for but a short visit. The speculator in such instances loses his sense of balance.”

BUY ON THE DIP said...

2. Thinking Can Confuse Rather than Clarify

Let’s face it, traders are insecure. Why? Because they’ve all experienced losses. And what’s worse is that the losses are often seemingly unrelated to the amount of work and thought a trader invests in a trade. Imagine what a trader learns when he or she invests considerable time and effort into analyzing a market, carries out the trade according to the rules, and then loses money. How sad, how frustrating, and how likely to produce confusion! The trader then resorts to deep thought about why the loss occurred,not giving nearly enough consideration to the fact that a given percentage of all trades will be wrong, no matter how well they have been researched, and no matter how much thought has gone into the planning and execution of a trade.

BUY ON THE DIP said...

We are familiar with traders who attempt to gather as much information about a given trade as they can possibly acquire.They read, study, analyze and assess the majority opinion. They gather statistics, examine trading systems, look for signs that will either confirm or deny their expectations, and become less and less certain of the action they want to take. All too often,having too much information backfires and instead of elucidating it obfuscates.

BUY ON THE DIP said...

If you have a trading system that gives you all the information you need in order to enter orders,then DON’T WASTE YOUR TIME soliciting the opinions of other traders or analysts-it’s all superfluous information which can lead you astray.

You have to be a very strong person in order to ignore the opinions of others, particularly those who you respect.

Kidd Jones said...

so whats your entry point to FAZ. I can ignore you even though I respect you... ahahahha

and in SDS at the close and will buy down til SP either breaks 740 or bounces off of the resistance.
Also 30% cash

sold my FAS MS FCX today for good returns

BUY ON THE DIP said...

nice tradin' Kidd!

... FAZ 55 and 47. with a little wiggle room.

Unknown said...

Good advice in the long writing....

I usually follow your recommendation but I hold it very long ( 2-6 months) even though you have closed your position. Then finally, I made mega profits. Thanks folk!