An unexpected opportunitySometimes opportunities appear.
At the open I watched oil prices improve, and OBE strengthen.
Very high volume took place with CPG and BTE in the first 30 min - with their prices holding pretty stable. Suggesting margin type selling and buyers competing to buy those shares (aka a bottom).
I thought whatever margin calls, herd behaviour etc occured on Friday had passed.
WTI climbed back over $80 - then it all of a sudden, it got sold off hard.
Next thing you know, OBE was in the high $8's - and there I was suddening buying for family members accounts! That is what happens when one of those surprize sales happens, one that is so good you end up buying things you don't need.
We'll see what happens next - but historically that seems to be a sign of a flash sale.