I sold short 10,000 [[JEC]] @ $73.65.
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What’s the story here, Fly?
A bet against industrials. Input prices up/economy weak.
Boone on Bloomberg saying oil may never go below $100 again.
Grab a lil VSE corn chart looks ready to free fall.
For the chartodians. The Vix is forming a 5yr cup and handle. It a little fuzzy but so is the VIX. Panic selling could be soon. Maybe?
Fly – how can you be long RIG but short JEC? Same with BOOM, FLS, etc. They provide the infrastructure essential to RIG’s biz. As the gas crack spread opens, as oil falls, investment in the rigs will increase. I just dont understand this. Not that you have to, but could you elaborate?
Latest from Shorticus… RIG at $144.25 is a target of extreme beauty. Hold on to those tickets.
I always knew Jake was tight with Shorticus.
Did you get stopped out on this yet?
I’m not a daytrader.