I've traded GWBU once Xander on the bounce at the gap. I made just over 30% in about 15 mins. I chose to play the bounces on this the real bounces not these little pullbacks as this trades sideways. The risk on this play at these levels if far too high in my opinion. Xander if you making money on these small gyrations why don't you help out some of the other traders and tell us when you buy and sell. Are you currently hold a postion if so at what pps did you buy, what do you see as a target for this for the rest of the week? I have no GWBU position at this time, I have a sizable position in Chesapeake energy from the mid $13 which I suggested on this board as an alternative play while you wait for the bounces on GWBU. It is now bumping the 50ma at just over $18 once it gets above that the 200ma is $23. The focus has shifted to asset value of $25-$30,GURU analyst are starting to upgrade. If I were to sell it at $23 on the 200 my $250k would be worth $430k. That's my plan for the rest of this month. Next month I think I will try to spend some time at some different lakes.
I only get two posts a day so this will be all for today. lol
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