RE:RE:RE:Sir John Steele positioning for huge 3 day up movebago wrote: Yeah but yesterday he did get it wrong and I expect a pretty hefty pull back the rest of today. So far with those EIA numbers it's real strange that oil is up so much and could have easily broke through 50 on those inventory numbers so I think traders are careful here and that's why oil stocks aren't moving in concert with the price right now....mgba
He may not have nailed the bottom, but I would say he got it very right yesterday - started buying sub 51.50 and averaged 51.03. Now 52.45 - he has likely locked in his profits by now.