Seems like an incredibly stupid move to me. Reminds me of 2009 when all the shorts were piling on to LVS at $5 ..... I couldn't believe it.
Could be. I was wondering what was driving the price up lately.
" however at that point it don't matter to oas, they need $94 oil" ..... You're dead sure about that, eh? Right ....
Filled a buy at 15, and will fill another if it gets that low again. I figure it will see 20 before it ever sees 10 again.
Either someone is painting the tape or this thing genuinely wants to climb ...
Someone said that when oil hits bottom it will rally back like a demon. Well, I reckon this is what they meant :)
Not much downside left if the last few months are any indication. Stop limit order in place just in case. Will check back every month or so.
Looking to get in, but decided to wait a little longer. That little so-called head & shoulders pattern in the SPY has my attention at the moment.
Any news? What's causing this gain?