[pup55]

$this->bbcode_second_pass_quote('', 'B')uy June crude at 12100 stop 11950

[DantesPeak]

I thought for a while that Phil was coming around to embrace PO, and accept his destiny, but apparently I was wrong. He goes on a wild rant saying that Congress is holding back free market forces.
But if Congress opened the entire US to drilling today, wouldn't it be some years before meaningful quantities would arrive. Therefore what Phil says doesn't have much bearing on the current price of oil.
$this->bbcode_second_pass_quote('', 'C')lowning Around Friday, May 16, 2008
by Phil Flynn of Alaron Trading Corporation
Clowns to the left of me, jokers to the right, here I am–stuck in the middle with you. Or is it the clowns moving to the left while we are lacking political courage on the right? You may not like to face the fact but the way this nation is playing politics with our nation’s energy security it seems we are moving too far to the almost socialist left at a time when more than ever we have to allow market based solutions address our nations critical energy needs.

You think I am overstating the case? Ok then, why? At this critical point in our energy history, is our Congress running for cheap political cover when it comes to our nation’s oil security? I mean let's get serious, why is Congress passing a bill forcing the president to stop filling our Strategic Petroleum Reserve at a time when the difference between adequate supply and shortage of supply has never been thinner. Why is Senator Hillary Clinton proposing a windfall profit tax on the big oil companies? I thought our dear Senator liked windfall profits. Why do I say that? Well she did not seem to have a problem with windfall profits when she was trading cattle. (That’s why I have a small soft spot in my heart for her, either that or it’s indigestion.)

[pup55]

$this->bbcode_second_pass_quote('', 'w')ild rant

[joewp]

$this->bbcode_second_pass_quote('pup55', 'P')hil will short sell himself into chapter 11 before he figures it out I'm afraid.

[oilluber]

$this->bbcode_second_pass_quote('DantesPeak', 'I') thought for a while that Phil was coming around to embrace PO, and accept his destiny, but apparently I was wrong. He goes on a wild rant saying that Congress is holding back free market forces.
But if Congress opened the entire US to drilling today, wouldn't it be some years before meaningful quantities would arrive. Therefore what Phil says doesn't have much bearing on the current price of oil.
$this->bbcode_second_pass_quote('', 'C')lowning Around Fri, 16 May 2008 by Phil Flynn of Alaron Trading Corporation
Clowns to the left of me, jokers to the right, here I am–stuck in the middle with you. Or is it the clowns moving to the left while we are lacking political courage on the right? You may not like to face the fact but the way this nation is playing politics with our nation’s energy security it seems we are moving too far to the almost socialist left at a time when more than ever we have to allow market based solutions address our nations critical energy needs.
You think I am overstating the case? Ok then, why? At this critical point in our energy history, is our Congress running for cheap political cover when it comes to our nation’s oil security? I mean let's get serious, why is Congress passing a bill forcing the president to stop filling our Strategic Petroleum Reserve at a time when the difference between adequate supply and shortage of supply has never been thinner. Why is Senator Hillary Clinton proposing a windfall profit tax on the big oil companies? I thought our dear Senator liked windfall profits. Why do I say that? Well she did not seem to have a problem with windfall profits when she was trading cattle. (That’s why I have a small soft spot in my heart for her, either that or it’s indigestion.)

[TonyPrep]

$this->bbcode_second_pass_quote('DantesPeak', 'H')e goes on a wild rant saying that Congress is holding back free market forces.

[DantesPeak]

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('DantesPeak', 'H')e goes on a wild rant saying that Congress is holding back free market forces.

[TonyPrep]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('DantesPeak', 'H')e goes on a wild rant saying that Congress is holding back free market forces.

[pup55]

We haven't checked on Phil in a day or two: $this->bbcode_second_pass_quote('', 'W')e're long June crude from apprx 12100 - raise stop to 12500! It last trading day so take profits on your June Crude!!!! And look to July to sell July crude at 12900 - stop 13300.
Buy July heating oil at 345 - stop 340.
Sell July RBOB at 32750 - stop 33050.
Stopped on long June natural gas from apprx 1100 at apprx 1070.
Buy July natural gas at 1050 - stop 1030.

[oilluber]

The way phyll is doing, we should add him to the ranks of the unemployed. At least he can become good at panhandling, you can't take a loss no matter how dumb you are.

[pup55]

Update:$this->bbcode_second_pass_quote('', 'S')topped on short July crude from apprx 13500 at apprx 13325. Sell July crude oil at 13500 - stop 13600 or buy July crude at 130 - stop 12900.
Sell July heating oil at 410 - stop 415.
Sell July RBOB at 34200 - stop 34600.
Buy July natural gas at 1100 - stop 1070.

[pup55]

Update: Make that -$24,120. Phil's long crude oil trade is toast at 129.
I think his RBOB trade is still in the money, though, but there are still too many headlines that can have this stuff over 350 in a heartbeat. He is risking 4 cents with his stop set where it is, which is another 1680 clams, if I am not mistaken, but I guess at this point, what's another couple of grand?

[eastbay]

$this->bbcode_second_pass_quote('pup55', 'T')he faithful followers of Phi's trading recommendations are down approximately $23,120 since we started keeping track in January.

[pup55]

$this->bbcode_second_pass_quote('', 'L')ong July crude 13500 bracket trade stopped apprx 12900. Day traders need to call on this! Sell July Crude at 13200 stop 13600.
Sell July RBOB at 34000 - stop 34300.
Sell July heating oil at 40000 - stop 40500.
Buy July natural gas at 1100 - stop 1070.

[pup55]

$this->bbcode_second_pass_quote('', ' ') July 2008 3.3680 3.3805 3.3805 3.4585 3.3347 3.3841 -0.0161

[PeakingAroundtheCorner]

Ha, this is the same guy who, in this article says: "This is the worst year I can remember for fog." (The text of this very article has change to exclude both this comment from Flynn and reference to Flynn himself.)
As I've posted on another board: $this->bbcode_second_pass_quote('', 'I') discussed SPECIFICALLY with a METEOROLOGIST at the NATIONAL WEATHER SERVICE in Lake Charles the EIA's statement that FOG was the reason oil was not delivered. And he said there WAS NO SIGNIFICANT FOG OR TEMPERATURE INVERSIONS THAT WOULD CAUSE A CRUDE OIL TANKER TO REMAIN OFFSHORE. (As I initially reported in the Weekly Petroleum report thread).
In the original text of that article, Phil Flynn, an analyst at Alaron Trading Corp. in Chicago states: "This is the worst year I can remember for fog." Yet, my conversations with the NWS in those locations does not support that comment at all. In fact, I just got off the phone as I was composing this post from the Houston office. The nice lady there looked all the way back to the beginning of April. NO DENSE FOG ALERTS! Same for Lake Charles. New Orleans has has no significan fog in May.
The Lake Charles guy did say that on four days in May, the fog was possibly dense enough to keep LNG tankers parked offshore but I should call the port pilots on how they handled shipping traffic on those days and crude offloading in general for the month. I'm tempted to do just that!

[pup55]

$this->bbcode_second_pass_code('', 'We're short July crude from apprx 13200 - lower stop 13350.
We're short July RBOB from 34000 -stop 34300.
Buy July heating oil at 35500 - stop 35300.
Buy July natural gas at 1130 - stop 1070.')
Phil is indeed short on crude oil, and is about $5000 in the money, with the current price down around 127, and his RBOB short sale was filled yesterday at 340, and he is a couple of cents in the money on that too.

If he had a brain, and was a frequent PO.com viewer, he would put some money in his pocket rather than leave his stop so high. When the report comes out tomorrow, he will end up urinating away his profits, like he has done in the past.
Same with his RBOB trade.

[DantesPeak]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'H')a, this is the same guy who, in this article says: "This is the worst year I can remember for fog." (The text of this very article has change to exclude both this comment from Flynn and reference to Flynn himself.)

[Rubin_Flagg]

When a guy like Phil says something do the opposite. You will generally make money. They are the anal-ysts you always get taken up the .... if you listen to them. Since their track record is so bad just do the opposite. I made a lot of money doing this with Abby Joseph Cohen of Goldman Sachs. I shorted everything she recommended and made money. Thanks for the tip.

[oilluber]

phil has a hot hand right now, big gains on his short crude trade,
wow, I knew, atleast statistically speaking, he could not roll tails for a year, my hats off to the genius speculator