Wow…
There is just no avoiding a hit like today. In terms of pulling it together, we just need to hope there’s a bounce near term to organize. Make no mistake that following action like we’ve had the past week, there’s not going to be an immediate turnaround. We’ve done some damage and people are hurting.
My guess is we get a bounce here shortly, and that gets faded hard and fast. I made a round of purchases in HCLP today, taking my cash balance down a few percent. Honestly, I almost regret even that (although that’s what the most profitable trades usually feel like).
Keep your eye pegged on the EURUSD. That’s the tell here.
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Why do you think HCLP is okay here? It is still up 56% ytd which among energy stocks is rare. The trade was a great one. Just trying to figure out why you think it is still golden.
Because it is doubling in size annually and based on the steady stream of supply agreements they keep announcing, I don’t see why that won’t last longer yet.
Incredible secular trends.