its sune over....

The famous hedge fund hotel are on fire!
Looking to pick up this one near the psychological level of $2, and a wide stop at the lows of July 2012 to play on the bounce back to $6.5.

Fundamentally there is a big risk of bankruptcy given the credit risk, 600 million cash remaining and debt interest at 15.4%. I will not be holding on for long, do keep your position size small too.

Keep checking back! I will be looking for signs of bottoming in the lower timeframe (1~4 hrs             )

Another leg might develop sune, let's see if it stops at $3 for a double bottom. :)

Watching 2.71 support, not a lot of selling interest so far .

Entered a position here.

Entry: 2.90
Stop loss: 2.74
Take profit: 3.81 (0.236 retracement)

Stop loss moved to $3.

$4.35 is possible, but I'd recommend taking some profits at 3.81.

Bearish divergence here..... still waiting for $2

Downtrend should start resuming on 30th November 2015 3.30PM EST :)

I wouldn't be shorting this one, max upside is simply 100% (burst) but unlimited downside if should SUNE be acquired. Waiting to just enter LONG.
3.34 now, sorry! Just when I posted this it was already rallying fast.

+1 Reply
great hoping to get some off at 3.80 and run the rest longer term
+1 Reply
LastBattle robert.adams.56829
alright its done :D hope you've caught the $4 retracement rally.

Now the price should continue going down to $2, that will be my long term buys.
i took a punt at $3 , see what happens !
Risky risky bet , better oppurunities elsewhere. Just my 2 cents! good luck :)
If anything wait for oil rebound.
Check out $blue
+1 Reply

Yeah its very risky, yet high reward..

Soon :D many are very doubtful about this breakout given the 'massive massive' supply everywhere but that doesnt change the fundamentals of long/short speculators.
Good r/r for a long here with stops at $40.

Let me check out blue..
ChimbOt LastBattle
I like oil long here but I'm unsure
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