The tropics are getting extremely active. If memory serves me correctly, before Katrina hit, the NG/oil sector (Canroys included) spiked considerably. That said, IMHO, if I was bent on selling, I may at least wait a few days to see how it all plays out.
there is obvious exposure to this group by someone who needs to liquidate and liquidate fast. that means that there can be no bottom or money made long til either the fear disapates or the seller quits unloading. i don't think you can pinpoint either of those activities. i'm not planning on quick bucks any more. I'm buying it down now: 16.95 then 15.6. It's painful to watch but as an income play I feel lucky to buy it here. I'll scrape more money together if it gets lower. Just don't leverage yourself to buy until you see it start to bounce. I don't think it should go below 15, but anything can happen in a market like this.
natural gas extending a nice run today. the canroy sector is really getting hammered right now. wonder if there was hedgefund exposure here and they're just selling what's liquid. same nonsense going on in stocks like ba.