Sold 1/3 of my position this morning
in response to
by
posted on
Jun 02, 2011 10:08AM
I went in pretty heavy and needed to derisk a little. Still a healthy profit for 1 day. The reason I do not mind reporting my sell this time is the volume here is so crazy, I cannot see myself having any real effect on SP. Also, I am keeping the other 2/3 of my position because I believe this is going higher yet. There was some info circulating yesterday that was most likely fabricated to scare retail. People do not tend to go thru that trouble unless they have big plans going forward so I do believe this will go considerably higher than our current SP.
Good luck to all on this crazy train!
Glorieux