This is a trade that I did not put on as It would have overleveraged me with the numerous other trades that I have going. So far, it would have been a good one.
Agree, when we violated 60.95 I replaced the stop to 62.50 and have been holding on for the ride. It would have been nice to load up as well but I never go further out on a limb than 10 in hogs and this one is only 5.
Havent been following it, but might be worth playing the upside range, still. http://charts3.barchart.com/chart.a...&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix= Dont have my trusty indicators on commod's now, its been interesting (but not much fun) trying to read price bar action lately.
OP007, IMHO, we are still trying to create a bottom down here but nothing has confirmed it yet. I reversed my short position Friday afternoon but I have an extremely tight stop in place. I want to see a re-test of 58.350 and a failure to breach it before I jump in with both feet.