Nothing is too big to fail, but I am long here. Price held up surprisingly well here today in spite of a near 3% crash of the major indexes. WE outperfomed the SPX and INDU today folks!
Wonder if it was partly the news. All I know is we seem to be in a strong support area. Good to know as the overall markets seem to be bound for lower lows. My best guess is we are heading lower market wise as the dollar bounces up, and oil, gold and stocks slide lower, till about mid November.
I did, and I am am keeping my longs like this one, and I bought some oil stock puts last week at the last highs to CMA as the markets slide in this current correction phase. Then if I am lucky enough to pick the bottom I will sell the puts and buy more stock(s).
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