INTL FCStone Inc Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : INTL FCStone Inc

INTL 28.12

-0.6%

Oct 30 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Scoobah who wrote (15)	3/7/2007 7:44:37 PM
From: IngotWeTrust	Read Replies (1) of 31

My read is that we aren't through on the downside. I suspect some rumor of a cash delivery of lead spooked some short, and voila, some upside price action, which triggered more short covering. When one has upward price action on insignificant volume, that's a pretty good sign of short covering. They'll just replace them at either a FIB number or one of the horrendous moving averages lurking overhead. Congrats on your profits!! That's what lowers cost of your non-trading portion of your IAAC position. It looks like you remembered to sell 1/3 on strength. Good On ya! G_T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next