and shorts getting killed on Monday.(Significant = >50%)What kind of nitwit would've held a short position going into this weekend with all the possible good news and most of the bad price in???
Nope, only about 10%finance.yahoo.com/news/Oil-pours-from-cap-over-Gulf-apf-2147361970.html?x=0&sec=topStories&pos=3&asset=&ccode=
Valves will be closed slowly. Better to have one, two or three closed and get all THAT oil, rather than try to close 'em all at once and blow the whole cap.Again... anything capture over 50%, and shorts are SCREWED come Monday.
old news from June 5, 2010, 6:37 am EDThere is recent http://www.wkrg.com/gulf_oil_spill/article/riley-meets-with-adm.-allen-to-hash-out-plan/893556/Jun-05-2010_8-40-pm/
Allen says the cap has captured about 252,000 gallons of oil; that's a quarter to as much as half the oil spewing out each day.
Have you seen the live feed????It is worse than ever!And yes I held a significant position short over the weekend. I take one look at the video and sleep like a baby!
Yeah... and Allen said the valves haven't been closed yet.Imagine what they'll capture if they can close just two valves.Hell... even capturing what they're capturing WITHOUT THE VALVES CLOSED is very good news.If you're short, you're worried... rightfully so.
Bunch of greedy people...bulls and bears win but pigs get slaughtered. I hope we have a few up days...averaged at $47.