Slider,
Joined the club and had to pick up some bargains UPR OEI and even threw a limit in for XTO. I am in rather heavy, FEAR, what FEAR (gulp, heh heh).
The charts don't recommend it right now, Gary B I don't believe did;
in fact I logged on today with the intention of selling a good bit as it approached break even to buy back lower. Now don't get me wrong, I don't trade a system so I'm not breaking my own rules. I do try and trade the charts, but there have been times lately when the charts have been calling for OSX disaster and it reversed.
Five things changed my mind
1 The tape, it just was not acting like I am used to in this sector. A gut feel on a gut check day.
2 It's Blue Tuesday, the afternoon to get the Blue Light Specials in the oil section at your local StocKMART.
3 Too much spin from the oil spin doctors, too much gloom and doom and too few posts here!
4 Most of all, the heavy traffic over the past few weeks and especially all holiday weekend, like I have never seen before. Our interstates here in Central PA are starting to hit capacity, while they build million plus square feet distribution centers like they are convenience stores, one on every corner. (How's that for hyperbole, heh heh).
5 It was the only way I could keep the contrarian me from shorting the market, instead I bought back some gold stock today that I had traded effectively (about half of it) last week.
Best of luck,
Roebear |
