I put the short hege back on when we started making new lows...
and I just cleared it when oil dropped another buck, Oil is back up .75, and I don't know what I'll do...
Monday, June 9, 2008
I feel like I need to post this
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2 comments:
Your point on DUG was well made. Today with oil struggling, so is DUG!
Why can't they just buy puts on oil?????
It's a dangerous trade, 5 years of "Buy oil service on any weakness"....
It takes a lot to roll out of 5years of that working.
Someone was suggesting that the refiners should sell every 135 bid in oil.
a 4 dollar sell off today isn't all that insignificant. It just is in the light of the 16 dollar jump.
I'll think about day trading dug tomorrow or the next day.
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