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Kudos to XD's OIH trade


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#1 dcengr

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Posted 12 January 2007 - 11:39 AM

I was talking to XD about position management, and how he maximizes profits based on moving assets around. Yesterday he said he was going to cover some of his Qs (for a loss) and buy OIH. While Qs are barely moving, OIH is up 2%. Nice move. Which just goes to show, move your money around to where theres the most opportunity, whether you're already in a position or not.
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#2 IndexTrader

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Posted 12 January 2007 - 11:43 AM

The question has to do with when you get out...not how it trades in the interim. If in fact he did cover some QQQQs, that would be a good example. That said, I haven't seen anything anywhere other than your post that he covered any shorts in anything. IT

#3 dcengr

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Posted 12 January 2007 - 11:52 AM

The question has to do with when you get out...not how it trades in the interim. If in fact he did cover some QQQQs, that would be a good example. That said, I haven't seen anything anywhere other than your post that he covered any shorts in anything.

IT


This was in email. He was reducing some Qs to buy OIH today, I think from 40% to 30% or something. I think his target for OIH is around 136.
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#4 Sentient Being

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Posted 12 January 2007 - 12:47 PM

I picked up IEO a few days ago (Oil/Gas), It's almost back up to where I bought it...I'm still under water. Is this my last chance to sell at a small loss on a bouce or do we finally have something going in the oil prices?
In the end we retain from our studies only that which we practically apply.

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