RE: RE: RE: RE: RE: RE: ta watch the vid...Oil dow
So this will probably be similar to the one day blip up we had when the Fed dropped interest rates and traders started speculating that oil would be more affordable.
So if this can carry into tomorrow I should get the hell out of HOU and watch where HGU goes... maybe grab a little HGD when I think the Bear Rally is over...
Make sense ????
I hear ya' about China. I feel that way about everybody right now, including the US although I figure the US will lead the world out of it.
One thing for sure I know from my second of year of trading is that the talking heads on TV have consistently gotten the coloured commentary wrong... stuff like disconnected economies, global growth momentum will push through the US financial crisis, all that bull. Norman Levine so far has been one of the consistent ones in calling these scenarios 100% accurate well in advance without worrying about looking like a reactionary. And here we are....
Keep posting your trades mnl as you have valuable insights that have been making me money over the past little while.
HOU was a fluke on Friday resulting from discussions with a mutual trading buddy of ours and I thought I got in too early... looks like tomorrow will net some dollars as a result of that mistake... I'm embarrassed to say how much I bought as I thought I would do a little swing trading on the .10¢ - .40¢ swings. End of day it was going down and I was holding a ton (23K - shares) Avg Cost 6.80. I sure hope this rally holds into tomorrow's session. Up 5% so far...