Replies to post #11649 on Traders Cooperative

[DanWebzster]

Hi Joe,

I was too needy when I came here for confirmation of this idea. It made sense to me on alotta levels, but I have never shorted an energy issue. Next time, I'll be a little bolder (hopefully).

Anyway, thanks for following up.

Dan

[ayahuasca]

Hi Joe,

What are your thoughts on the homies here? They seem to have entered the opposite zone they were in from late Nov through mid-Jan, when every dip was bought and they all just powered higher. Now every rally is being sold and they are all drifting lower. We're in the downtrend of the channel now.
I'm still sitting on my BZH, KBH and MHK puts, though I sold some of my BZH when it went to 72 earlier in the week. I'm still waiting for it to close that gap in the mid-60's.