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You'ns can thank me for this rally.......
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rebuilder
Posted 9/17/2010 08:06 (#1362888)
Subject: You'ns can thank me for this rally.......


Bourbon,Indiana

 

.....for the very simple reason, that I sold some yesterday!

I had an open order in for $4.98($4.78 cash Dec.). My thinking was that with the very large number of Longs (430,000+), and the resistance of $5.00, I thought to reward this market before it corrected.

The funny thing is, the futures hit $4.974(1/2cent less than my order) on Wed. So Thursday I was considering canceling the order to see how things shook out. Then I get the call that the order was exercised even half-a-penny low.

To be sure, I'm happy with $4.78 cash, yet $4.93 would be nicer.

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