Replies to post #692 on Denbury Resources Inc. (fka DNRCQ)

[Atlanta1]

yep - when I covered my short this morning I almost did a 180 and went long, but I didn't think the bounce would be big enough.

now I've reshorted again at $3.20 and $3.25 and agree with you - it should head lower the rest of the week, barring any other news.

$DNR

[MovedOn]

My gut was telling me to re-enter first thing, but my head was telling me there would be no oil recovery today.

Bottom line is that the current supply and demand forces are well grounded for oil these days and that this meeting in particular didn't really mean shit. It was exciting to see oil drop late Sunday and that re-enforced my head vs. my gut decision today. Oh well. looking for a re-entry point some time this week.