Just made another £304 on oil futures.

[Money Money Money]

Didn't you know - it's physical delivery. If you're long, you'll have a tanker turn-up at your house and asking you for the full vaule of the contracts you own and where do you want the oil? If you're short, they'll turn up with loads of dosh, but you'd better have the crude to give 'em.

Oh thats alright then... we've just bought a house which isn't on the gas main so they can just top up the oil tank in the garden! - Cos lets face it with my luck its going to plumit!!!

Although I did manage to get another one in at 75.38 late last night so +£83 if I closed now, and it looks like its on the up!

If its gets anywhere near 80 thats about £700 up!

[teclo]

Please excuse my ignorance, but are you buying at say $75.7 and then selling at $80?? With about $800 worth of shares??

[AtW]

dirty spekulants - repent!!!

[DimPrawn]

dirty spekulants - repent!!!

How's you hard, low paying work going?

[Moscow Mule]

Didn't you know - it's physical delivery. If you're long, you'll have a tanker turn-up at your house and asking you for the full vaule of the contracts you own and where do you want the oil? If you're short, they'll turn up with loads of dosh, but you'd better have the crude to give 'em.

http://thedailywtf.com/Articles/Special-Delivery.aspx

[Money Money Money]

75.58 Grab em why you can!

[Money Money Money]

74.99... Lets hope that was the bottom... you must be more than a few quid down now DP??

[DimPrawn]

74.99... Lets hope that was the bottom... you must be more than a few quid down now DP??

£400+

My silly fault for not closing out yesterday.

I have a limit order on to close it out even at a slight loss.

[Andy2]

74.99... Lets hope that was the bottom... you must be more than a few quid down now DP??

DP never loses, he reports here his profits only
hth

PS spoke too soon

[DimPrawn]

DP never loses, he reports here his profits only
hth

Not true.

I've said before, my total losses exceeds my gains, however, since sticking to oil futures, I've made some good money overall.

It was the early days with random large bets that lost me the bulk of my money.