Today RIG was the easiest of stocks to trade. 55 was the level. RIG dipped below there. And it trended in the most beautiful downtrend. Were you in this trade? I wasn’t. This level was discussed during our AM meeting. Again I wasn’t in this trade. We have discussed this RIG level on our desk for days. Oil was weak. … Read More
The Market as a Handful of Stocks
The last couple of days I have been baffled by the market being defined by a handful of stocks. If you’re not in them you have no shot in heck of making any money. Honestly, these days I tend to have about 20–30 positions both on the short and long, market stocks, little stocks, and just about a piece on … Read More