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koolblue
Rep: 48,651
Posts: 16,032
So far, still well under fair value. Ugly opening. long one from 1245.00
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CharterJoe
Rep: 4,475
Posts: 2,352
What in the world does Oil up 24$ have to do with the price of beans? Thats way messed up. I am heavy short anyways...How in the world is the Dow not down 800, good thing I don't watch CNBC there's no way I would have went long any today???
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prestwickdrive
Rep: 2,057
Posts: 1,098
Joe - fwiw, although commodities in general have been strong, it was the Oct. crude contract that really soared (closed +15.7%)today. Many shorts had to settle today before the contract came off the board and they got slammed. The USO, which better reflects the cash market, is up 6.4%.
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CharterJoe
Rep: 4,475
Posts: 2,352
Yeah I heard LOL, I thought something was up. No way oil could be up that much and the ES not down more than it was.
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koolblue
Rep: 48,651
Posts: 16,032
long 2 but need a quick exit, cause i got to go to work . exiting 1220-1222
KO
koolblue
Rep: 48,651
Posts: 16,032
man, my stop is 1212 but the gap closes at 1211.25 i think. could be toast here