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Re: toohip4u post# 3216

Tuesday, 08/23/2011 3:46:22 PM

Tuesday, August 23, 2011 3:46:22 PM

Post# of 4239
You got it. Now the only question is...too much too fast for a scalp on the downside for another 1-2% (after today's 3.5% gain). IMO, it's a short cover. But, these shorts might let this climb up a little then they will hammer it back down. Plus, the Europeans can short our bank stocks (since they can't do their own right now). If oil goes back up past $90...well, we are going to see another one of those 5% declines.

ALJ and HAL are two energy stocks I follow, both up huge today, but then again...all energy is up.