re: panic time for shorters...hehe Back to my question, why do you think it will slip today?
Based on what you are saying it will slip Monday, which means you will lose on your day trade, since i presumeyou will close out your positions today, before the effects you are talking about come into play.
Also, we have the US overnight data, do you expect it to affect London dramatically while not at all here?
One more point to consider, how low do you othink the oil will go (not that it is a huge prob for BHP). I wouldnt mind suggesting that if it goes below 60 OPEC will cut production. Just remember its only one bad hurrican, one bad suicide bomber and one cartoon that could sparke middle east tensions. Long term play on oil MUST be up.
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interesting shaw comments, page-7
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