Yeah, that OSX has been tricky lately. We took OIH long last week for a swing play on the same day prior to Saddam's decision to allow UN inspectors into the country later that evening. Oil tanked the next morning. Well, that's trading! I'm leaving OSX alone for a while because it's not acting right.
Once again i bought all the oils in the morning as they were acting well. Then when they broke out i added. I really thought the rally would stick this time. They were showing alot of momentum. I was suprised that they lost the entire rally (the ones i bought anyway). When the EP news came out it seemed to take the wind out of them. Perhaps just a coincidence.
i lost too... but kept tight stops.. i like to but em in the weakness 1st hour of trade.. then keepa stop.. if they work, it's huge. if not i lose .30 cents/share max..volume was nothing spectacular so not much size either. the good thing aboput the group is they all go together..