The Bulls need to stay above 9,300 in order to sustain this bear rally. I’m looking for longs right here as it presents an easy exit strategy. Should we close below that magic number look to get long your favorite inverse ETF.
Note: I took my Petrohawk Energy Corporation [[HK]] short off the table, I don’t like the action ovah there.
Note II: Google Inc. [[GOOG]] looks great here– easy exit if trendline fails.
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Just took half my YHOO position off the table @ 14.25, as market broke lows.
KOL is taking a beating.
Cajun,
About that Yahoo rumor:
http://valleywag.com/5077367/yahoos-stock-traders-wish-jerry-yang-rumor-were-true
It sure looks like someone is trying to take out CHK. Front months are fucking going bananas all through the strikes and even through 30.
GOOG call is SOLID pickup.
9300 is broken
hmmmmmmm…
…. Chesapeake rises on speculation about buyout
(1:55 PM ET) NEW YORK (MarketWatch) — Chesapeake Energy Corp.rose 12.5% to $25.79 despite weakness in the energy sector on Wednesday, amid reports that it could be a takeover target. There’s talk about the possibility of a buyout by London-based BP, according to published reports. The Wall Street Journal reported Oct. 16 that BP was exploring an acquisition of natural gas properties owned by Chesapeake, which has formally announced plans to raise cash by selling assets.
OIH may breakdown below 98.
this market is BEGGING for the longness right now
pussy.
Just picked up FXP @ 80.60.