RE:Hey Bp... how are you playing this?Two ways.... long term ... I am still going to hold my long blocks.... but here is what I have done so far today... I loaded up on traders yesterday like I said..4.88's .... I sold them at 5.14's .. then as it was swinging I was selling and buying I was even having a hard time keeping up on the spread sheet.... LOL I will at the end of the day figure out how much I made ...but what I did do was for the first time I sold out of some long blocks .. like ma ma 's 5000 that had a BE of $5 ... at 5.22 .I usually won't do that if it is red... and if I think there is more upside ... and I just bought them all back at 5.04 ... I am trying to keep myself out of the dog house ..LOL ...I am going to bet that on the next short report one is going to see some more covering but also betting some shorts with deeper pockets doubled down over 5.20 ... the HFC are playing this and you can see it when you tag oil chart to it and watch the CCI chart .. it told me to buy at 5.04 and I did ...and long term it should be OK... but that us what told ma ma before thse damn crooks cut the div.... this dang $5 handle again ... we need some distance or they are going to drive this back down .. so I am loading up some traders .. but not 100% because we need more room ... you remember each level the $2 the $3 and then the $4 took forever .. I don't think it will be much dif here... then factor on margins ... if someone today on the long side bought more thinking this is going to run .. and it drops back through $5 .. then they will get a call on the long side and we will drop back in the 4.80''s as they cover and the shorts gang up again... so I don't feel real good right now about backing up the truck totally .. and you ?
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Anschutz wrote: Are you selling some of your shares today on the blip? With not a single analyst calling in to ask a question and nothing but meaningless platitudes for shareholders. With retail holding the larger proportion of shares it looks to me like CPG is ripe for a short play by the institutions.