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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (134947)6/15/2010 11:11:19 AM
From: Salt'n'Peppa1 Recommendation  Respond to of 206184
 
Scalped $700 this morning on BP.
Yesterday's stink bid filled at $30.01 this morning; I got out at $30.70.
I see it is now dropping again.
BP volume is huge again today. Probably due to political jousting this week on the whole deep water thing.

You are absolutely right in your comments about "behind the scenes" on Wall St.
A peon like any BDBBR member needs to remember that.

We also need to remember that these hedge fund managers and brokerage traders all act like sheep, afraid to miss out on a rally and afraid to be holding the bag. They trade as a greedy & fearful flock and if one can recognize how the flock is moving, one can apply the shears and gather wool...cautiously, of course.
Snip, snip, snip.

Likely in again at $30.
S&P



To: Fiscally Conservative who wrote (134947)6/15/2010 12:48:08 PM
From: Salt'n'Peppa  Read Replies (3) | Respond to of 206184
 
In at $30.00 again and out at $31.52 - scalped another $1500 in half an hour.

A range-bound BP with huge volume is a fairly easy place to play, especially since the stock itself is so undervalued. Medium term risk to this game is virtually zero, IMVHO.

Will wait for another pullback to $30.00 but it may not happen again today.

This is fun. You should all try it.
S&P


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