Another day for feeebiesGood morning all ... what a great day here in Montreal (here for the weekend) Meeting here with another trader from Edmonton also into OPC big time. When someone that has worked in the OPC field buys and sells 50k at a time, I feel prtety safe adding to my long position.
Added a few more to the coffers yesterday on that nice .72 spread. Got .50 of the spread and added 900 shares to the longs. Will see what happens today but volume with this spread is heaven sent.
Spreads the last 7 days .. amazing on a 2-4 dollar stock. A 20% high low spread on any stock is a keeper and a chance to add paid for shares to the long position.
| 0.72 |
| 0.75 |
| 0.93 |
| 1.04 |
| 0.53 |
| 0.76 |
| 0.51 |
Expect we could see another day of lower volume as the down leg confirms a bottom . If so 4 days in a row.. Those shorting 4.00-4.50 probably covered the most already clearing up their weekly position and balancing before today.
Notice the NXY /OPC spread up until yesterday since apr 28.. Those that know what I am talking about know exactly what is happening.
| 7.341 |
| 8.497 |
| 6.444 |
| 6.347 |
| 6.618 |
| 8.161 |
| 8.566 |
| 10.884 |
| 10.187 |
| 11.360 |
| 12.000 |
| 11.420 |
| 12.794 |
Now notice the spread last Oct/Nov before the dive OPC 7.00-4.00
| 5.602 |
| 5.388 |
| 5.646 |
| 5.963 |
| 7.116 |
| 7.045 |
| 5.242 |
| 4.494 |
| 3.947 |
| 3.390 |
| 2.998 |
| 2.678 |
| 2.730 |
| 2.903 |
| 3.210 |
| 3.045 |
| 2.882 |
| 2.502 |
| 2.342 |
| 2.281 |
The 2-3 times value spread will be here before we know it..
Well enough for today. US$ recovering a bit today..