ouch

BP put a bit of a hurt on me this morning. Was expecting softer earnings and more pipeline problems. My technical setup is now invalidated. I am stopped out at slightly over 4% loss. I remain short OIH,XLE,BHI. On the other side of the coin (and rather decent coin in this particular case), gold miners are continuing to get crushed. GDX now down another 2.8% today. I will cover entire position when it tags 42, now that I was able to reload and more of it into friday's bounce.

Edited by MacRo, 29 April 2008 - 09:48 AM.