Wednesday, October 19, 2016 9:43:09 AM
I placed a bid to add 500 units in premarket plus regular hours---to close at $8.51. 200 units came through for me at that price and the remaining 300 u's await further action today. I doubt I'll receive the remainder, given the respect normally granted to Citigroup when it comes to advanced analytics.
So, am I happy that I managed to pick up 200 u's more? Sure I am. But I'd had hopes of adding two thousand units today and possibly three thousand if the spirit moved me. Yesterday I'd pretty much halved my MDR position to finance this swap.
This should be an encouraging day for us energy traders as I expect there'll be spill-off onto other picks in a similar space. I haven't even looked at CVRR yet but would wager it, too, will rise significantly. While I hold just 2,000 units of CVRR, I want my friends here at IHUB to benefit from our partnership here.
Good fortune to us all!
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