Friday, December 21, 2007 6:01:06 PM
I concur. It is highly evident that we are heading closer to $2. I think it may take a few weeks to get there but it is coming. IMO
I picked some up today at 2.48 and should have sold them at the close or AH, but I think I will be able to sell them for 2.70 Monday on a retest before closing below 2.50 on its way down to $2.
I will obviously be very careful trading this (as I have been) as not to get stuck waiting for another spike to exit on.
My core position which I hold in the ultra long shot event that some kind of contract is signed was bought with profits from trading and has been averaged down now to below 2.70 and I will continue to average it down, so it is basically the longs/house's money.
good luck to all, and to all good luck.
I picked some up today at 2.48 and should have sold them at the close or AH, but I think I will be able to sell them for 2.70 Monday on a retest before closing below 2.50 on its way down to $2.
I will obviously be very careful trading this (as I have been) as not to get stuck waiting for another spike to exit on.
My core position which I hold in the ultra long shot event that some kind of contract is signed was bought with profits from trading and has been averaged down now to below 2.70 and I will continue to average it down, so it is basically the longs/house's money.
good luck to all, and to all good luck.
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