“Strange game. The only winning move is not to play.”
I won’t be playing the bounce. It most definitely will be sharp, but will it be long? After flirting briefly with SSO (long S&P 500) I decided instead to accumulate SDS (short S&P500) on bounces. As was the original plan.
Completely out of PennWest oil and gas trust and Yamana Gold. Don’t care if they bounce.