why the drop?, page-12

Basically this current trade is just too easy.

You KNOW that every thursday there will be news.

You KNOW that the unknown of the gas being fracked will keep the SP at a certain level - which the support is mid 7's.

So you play that trade - buy a few days after Thurs - say Mon - then you sell Wed afternoon.

Rinse and repeat.

The only catch here is that the unkonwn here is the frac - and if they hit a positive result - you know they won't wait till that coming Thursday to announce it.

So if you had the money - you could play this both ways.