At least ERX appears to be. I’m waiting for the rest of the market to follow.
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Scratch that terminology. ERX cannot be described as a breakdown.
ERX is nosediving into the fucking abyss.
AHAHAHA run for your miserable, degenerate lives, ERX longs. You have forty more minutes to feel the pain.
Added to CCJ for $23.72.
Looks like they got it back under control.
Pitty, would have been fun…
For the record, I have decided to continue to hold ERX. I am still very much long, even with it, as my strategy is based on holding secure equities, which (finally?) will hold up in a sell off. No sense dropping a small hedge to try and time a bounce.
Plus I think oil can cut through $90, if the right conditions develop.
Hi Cain,
What happened to your BG position? Are you still holding that?
Absolutely. And I am irrate at the market, for daring to sell off BG this far.
Unfortunately, it’s overweight, so I don’t feel I can afford to add to it, but I absolutely would have at these prices.