View Single Post
Old 01-09-2009, 05:20 PM  
After Shock Media
It's coming look busy
 
After Shock Media's Avatar
 
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
Kard63 why would someone let you get an oil IOU for 1,000 barrels that you can cash in at any time in the future? I mean what would be in it for them, the 40,000 in cash they can already get right now? Leaving futures off the table since you claim you do not want them.
What happens if you buy 1,000 barrels today at 40 each and then next week it drops to 30 bucks a barrel? Or in your mind should you be allowed to hold onto it for as long as you want through stagnate periods and lows, until it reaches an acceptable high where then you would sell it at a profit? Without ever actually having it in your possession.
__________________

[email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]
After Shock Media is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote