RE:Good time to re-open a bearish positionRE38 wrote: After a few days away from a COS short, I re-opened a put option position. The good news is that Saul seems to have left, a sign that the pumpers who bought call option positions hoping for a buyout have left the building. The bad news (for longs) is that the oil price is retreating. COS is even money today while its peers and the price of oil is down 2-3%. Take advantage of it while you can.
So you think that COS will go lower? How long do you think?