RE: brokenleg
Just listened to the A*g*o*r*a*com commodity guy talking about oil.. Same guy that saw oil testing $30 now thinks oil may have put in a bottom. His rationale is producers will either cut more aggressively or will be put out of business or will shut down until prices stabilize over $45.
Still holding and hoping to play the weakness - Monday will be very interesting...
Started picking off small chunks at $25 this morning and couldn't believe my eyes when it came down under $22... picked up more so averaging $23.50... We need to keep a close eye on this beast I figure... but still a good play over next week or two...
I'm not comfortable with overnight positions - eventhough I am holding one... unless we hit $50... in which case I will go all in at whatever HOD is trading at.