Hi all,
Long time reader, first time poster in the ZL. BD it takes BOS to post your personal feelings and strategies in a forum like HC. Cudos to you.
Now with an early afternoon chard in hand, I'm contemplating why the hell BSL did +6% on such huge volume, causing me to partially short cover. I suppose such a large amount of the stock was being short sold, a short squeeze was on the cards, and those big boys certainly turned the switch on the good old juicer.
I say "partially" short covered and not fully, as I believe that there still is room left in the market to go down. Oh yeah, and that pesky margin call didn't help. I don't see any light at the end of the tunnel in the immediate short term, even though the chart shows oversold. I've been playing this game for 7 years, and have wounds from several battles. That GFC was a real effort in terms of portfolio crisis management.
Now who's stolen that dodgy basket of nuts on the counter? I'm a bit peckish and no nuts to nibble on. (sigh) All the boys seem to have headed for the showers for some reason. Can't figure out why?
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