I am not interested in shorting something acting strong just because i think it is too high. I much prefer to short something weak and getting weaker. But were i to short oil, and i'm not, i think i would try to find some puts deep in the money and far out. As a matter of fact, i bought Norwegian Oil sometime back because i thought it was too low and i did not see any significant strengthening in the US dollar for quite some time. So far, knock on wood, that has proved to be the right move, but i don't plan to get greedy.
=================== Thought Boone Pickens was short crude recently; perhaps as a small % compared to his longs??? Bought some mexican style beans with chili gravy recently; excellant buy in cash market,Senior
I looked around but didn't find it on c2. Do you have a link directly? I didn't see a way to search by just name. Thanks.
http://www.collective2.com/cgi-perl/search.mpl#searchresults this should work if not go to the home page search by name type in pinnacle. two will come up It is not pinnacle trading just pinnacle..
I just found that c2 site. Seems pretty cool...thought it would be a fun way to track trades. trading from home gets pretty boring...many systems on there started mine with 10k to include everyone
I sold a little short this morning above $105 for a day trade. It has been really choppy so far though. I'm not sure what that big spike up 9:00am was about but it is back down now. I'm hanging in there though..