I sold 2,000 [[EEV]] @ $98.
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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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So that was it? Down 100 points and its capitulation? Christ.
This reminds me of his “I sold 19,000 shs of FXP” a couple of days back.
After berating everyone for going long here, too.
Sheesh.
Mark these words:
We will revisit today’s lows, SOON.
Lol… like…. maybe in the next five minutes!
Damn, If you would have grabbed some SKF I would have followed your lead. Can’t wait to see your wrap of the day.
Note: bought more DUG today at the lunchtime lows.
Bought more SMN today at the lunch time (almost) lows.
Own no EEV, so you got me there.
After a “scream down” like we experienced this morning, you’ll generally get a 4% bounce before resuming the downplunge.
Let’s use the Cubes as an example:
Morning “brute low:” $42.73
1.04 *42.73 = $44.44
Cube “high of the day?” = $44.77.
Cubes trading in AH? $44.10 as of 4:08 pm EDT.
Conclusion: Don’t look for any more sugar, boys.
Oil is going to a 60 handle this year. XOM has been trading like it will.