I loved the action in SLCA so much today, I started a new position in EMES and added to FMSA.
Both EMES and FMSA are short term trades, while SLCA is longer term oriented. The pin action in oil was great today. But don’t let that trick you into believing there is instant-cash to be had here. I am prepared to buy both EMES and FMSA lower, just one time, before I my cost basis is fixed.
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The Fly is God.
Need some HCLP in your life
I guess today was the crash of 2015
Ummm, no. That comes in September.
There is instant cash to be made here, I lightened up on a little AREX and SLCA and plowed it into more GST. My thinking is that GST will pop back 20% before AREX and SLCA will run another 20%, but we shall see. Still 80% long oil. I know I’m retarded.
And $HABT does not sell old man tech in China! $STX $ORCL $IBM $INTC $WDC $HPQ all have the other side of the mountain look going.
It would be nice if EMES retested its most recent low of $46 but I doubt it will. Why is this a short-term trade though vs. SLCA? I am also getting a kick out Blue Star CI calling himself a moron on OA’s blog. I wonder at what point on Monday he covered his short.