Thanks for the heads up, i'll look into it further.
Tom, I'll basically add @ $108 & $110 price of oil, until it reverses. I had it last time we were at 111 & DCR was $8.45, it ran up to $11.80 by the time oil got under $100.
I do the same with Yamana & Silver Wheaton quite often once they get overbought.
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Oh of course, I definitely see your plan. But the trend is up. You may think it's overbought, but what happens if a pipeline explodes in iraq? now I know that's a stretch and we're all speculating here. a lot of things can go wrong in our trades.. but I just can't bring myself to go short in a bull market. in all my positions i decide to enter i take GREAT comfort in knowing the trend is with me.
on a side note, browsing itulip came across this great piece about Lehman's books: Lehman Alt-A Vid
more comfort in my last minute trade on SKF and looking over LEH's chart.
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