BMI hit the low 55s as predicted on Friday and I covered. Now showing good strength in a weak broader market. If we get a rebound in the S&P this week BMI will go higher, but a rebound may be optimistic. I'm taking a small long position here in the mid-35s.
Does this sound familiar? "Let's ride this down to 33 again. If we do jump higher, I will increase my short position."