Had to bail on BTU today taking a pretty big loss as there's no love for commodity related shares at the moment, and its hard to know how big this correction is going to be. With the Greek issues and surging dollar putting pressure on OIL and other commodities I thought it be best to take the hit on this and look for something better. Its been a mega losing week for the Euro as we breached 1.41 today, I haven't seen such a heft fall in a long time. We have literally dropped 900 pips in a week on the Euro/dollar. Hopefully some good opps present themselves next week.
BTU entry: 64.80
Exit: 58.30
Front month WTI Futures plunges to negative $37 as storage costs rocket
It was a move of epic proportions in the front month WTI Crude futures, the significance of which is not really known of yet, but was incre...
-
Equities are continuing the weakness this week, and we breached 140 in the Bund, nearing record low yields in the German 10 year, as well as... -
Much has been said about the new phone and the response on the surface seems exactly how you would expect it to be. Regardless of what Appl...
-
It just came to my attention the shutting down of some of the top poker sites by the Feds. This is caused alarm amongst the many millions of...
No comments:
Post a Comment