I sold short PTR @ 89.89 with a stop at 95.25. See Chart
Note: I also cashed out ALL of my longs this morning, as I stated I would do earlier in the week. I will be taking Fly’s advice and starting fresh for the new year. The only positions I have on at the moment are FAZ and short PTR.
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FAZ here too. The SnP downgrades will catch up soon
So where did you end up on DXO?
Took a 0.20 loss on it, fuck DXO.
Do you guys short POT this morning?
Thief
You’re still holding some DXO long-term though, eh?
monitor oil and click buy on dxo when ir shows strenght in reverse , i am taking multiple loss tryn to get in , nevertheless i know i will gain lot more when i will eventually get in on reverse right day
right day to buy dxo could be today , or next , or next next again , but not after oil reverses to 60/70$ which will be its price in a time .
With you on going mostly back to cash. I covered most shorts today. Shorts tend to die slowly in a dull market.
I think the time to buy oil is when everyone starts saying it’s going to $20 a barrel. Keep that oil post-it in front of you RC! I think the time is coming soon.
-gio
I think you are taking your foot off the DXO pedal a little early.
Check out the action in USO today… may have broken the downtrend here. Also, look at the refiners today…
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Unrelated — what the hell with the last ten minutes of trading on CPB??
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