Geez. Two and a half weeks!!!
Would you buy an investment property and be nervous having owned it less than a month?
Sounds like you're a day trader which is fine.
If you want to trade ITC, then look for a range between 5 and 6.2.
Up till now this has been a fairly predictable spread but remember, fundamentals always win through in the end. Guttedsquid has done the sums many times and says that fair value is more like 10c. A broker friend of mine with huge oil and gas knowlege says the same.
My bet is that you'll see 6c again before the end of Jan. The only question then is, do you sell expecting a pull back or will that be the time it breaks and holds.
Once it holds at 6.4 look out.
Sir Eddie Energy will run...and run hard!
Geez. Two and a half weeks!!! Would you buy an investment...
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