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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Salt'n'Peppa who wrote (161648)12/28/2011 11:10:01 AM
From: RWS  Read Replies (1) of 206170
 
IOC: the channel rules, at least this morning. It is a "B" wave correction of the big run from previous lows. The sentiment that you referred to may be one of many factors. When the market gets hit by the liquidity scare then IOC could easily retest the bottom of the channel around $42. I'm short plenty of other stuff so I'm out of IOC and will sell puts again at the bottom of the channel.
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