Kastel:
Been working all week as well, but managed to get in one bucket of balls<GGG>. Sometimes it's better not to watch. MFL my first triple. Solid margin to use and think I'll put it to use in liquid majors. Sort of a reverse of last April to May's spike, this time keeping the underlying puppies. A 25% down here, which is 100% up to me, wouldn't kick me out of my position or margin use. SWG sure is being slow isn't it? Will wait a bit to use its' margin but the new race is on to $5 to get that extra 20% margin use. A 3 to 5 range getting established here with a little more liquidity will help VT and others who have more time to play. Come on BGO, CBD, NSU $3 is looming. Will TVX become the first company in a long time for a reverse split to help the share price?
Although POG must hang in there, and I would like to see $312 soon, or another down to 295 and bounce up to 312, but I'm happy with it hanging in and don't think that will keep the price of the puppies down. As you know, last March I entered the market for the first time in four years on Cush's thread. It's probably a built in bias from twenty years of bear, but I always watch March, and haven't seen many good ones. Seasonally it's a time of caution when March ends. The lease rate backwardation last year created that unique opportunity and perhaps a glimse and surprise into what was coming. But that caution this March is certainly tempered by price facts and risk rewards. A 10% drop in POG puts us to 270, but the whole industry will shut down if it keeps falling as it can't be produced, so we're still so close to the bottom the downside is negligible compare to say IBM (way to play the bounce at the end of your longterm short NSP), GE, CLS.
Regards
Bob |
