Took advantage of quad witching options expiration todaySold 2/3 of my position in the last 10 minutes of the day. With the Federal Reserve mtg in the U.S. next week, I should get a chance to get back in at a lower price level.
Still believe a good 3rd qtr is coming (financially and resource-wise) However, with the option expiration date over, I expect shorts will take new positions next week. (some in the U.S. seem to be convinced the price is going to $2.25 U.S.) If so, I will get back in at a lower price level, as I obviously disagree. On the other hand, if they aren't exiting their positions, I will use their activity to trade until the 3rd qtr report (which should end the debate)
Just thought it was better safe than sorry with a possible unwinding of their balance sheet by the U.S. Federal Reserve, etc... (ie Bonds)