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In GM heavy @6.15 eom
Out 1/2 NCC @3.30 eom
Was out some F @2.94 eom
Quadruple-down F @2.05-2.07 eom
In LCC @4.26 eom
Thanks Split. eom
Isn't that supposed to be lifted tomorrow night?
No, not yet. As soon as you think the bottom is in, the damn thing sets a new one. That stock sale sure didn't help. I'm gonna let it float a little while down here before I average down again.
Sorry to hear that Matt. Hope to see you back here soon when things turn around.
Double down @2.22 eom
In NCC @2.51 eom
Add more F @4.39 eom
Added F @4.47-4.52 eom
Double down LCC @5.85 eom
Out AIG @3.30 eom
In LCC @6.15 eom
Add F @4.82 eom
In AIG @2.88-2.89 eom
Well saw it was starting to act real antsy, and jumped on it. If I had hung around I coulda sold it over 2, but I went oitside to help my wife.
Bad idea.
Got a little WM @1.84 eom
Thanks. I won't be around much tomorrow, but if AIG makes it to 3.05, I think it would bounce nicely.
Out @5.35 eom
Back in AIG @4.92 eom
Nice trade! eom
Out AIG @5.22 eom
I saw that article earlier, and that guy is full of crap. There isn't an economy in the world that can support 500$ oil. They can't even support 150$ oil, that's why it fell so fast from 147$. Demand dropped 10% within a week. The main reason oil is so high is the ever dwindling value of the dollar. For exmple, if the dollar had the same value as it did in 2000, oil would be 55$ right now.
Add F @4.90, in AIG @4.56 eom
Out @3.91 eom
Try AIG again @3.15 eom
Out LCC @7.73-7.74 eom
Out some F @5.53 eom
Out AIG @4.05-4.06 eom
In AIG @2.40 eom
25$ was a real good support level in the past. I read somewhere that it is suffering from the strengthening dollar. Do they export a lot of steel?
Damn. I didn't reaize it had fallen that much. What's causing it? Low demand for steel? Too much foreign competetion?
In LCC @7.43 eom
Out @2.33 eom
Try some AIG again @2.09 eom
It will. I bet it bounces off of the 1.55 area again.