Small Time Trading

[benchman]

Another one of those days where oil and the stock market were flying high in the morning, but petered out in the afternoon.

Oil was up 4% in the morning, but closed down 1%. The DOW was up 400 at one point, but closed up only 157 points.

ESV followed the price of oil, as it got as high as $4.92, but closed down 7 cents to $4.68.

SAEX traded in a relatively narrow range, and did not really follow the market or oil. It also made a new 52-week low at $2.87. It closed down .10 to $3.02. This has to be the worst trade I have ever made. Unless somehow it rallies back above $10.