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Msg  713 of 860  at  5/21/2012 1:13:40 PM  by

aldigit01

The following message was updated on 5/21/2012 1:14:01 PM.

Re: Short Oil Position: more profits taken, medium term (+24%), now have ~15% left <more>

Short Oil Position: more profits taken, medium term (+24%), now have ~15% left. 
 
Took half of my medium term short oil positions off the table.  I agree with Jason that a bounce is in the offing and hear.  With oil about 65% to 70% of the way from the initial point towards my suspected low of $85, I'm being cautious with my profits since it's all profit at this point.  Don't want to give the house back too much of its money on a reversal or a bounce..


 
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Msg # Subject Author Recs Date Posted
715 Re: Short Oil Position: final profits taken, medium term (+27%) aldigit01 5/24/2012 2:53:23 PM


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