Just wanted to share something Bob Pisani just said on CNBC that brings up a good point. Basically he stated that because the market gapped down at the open that this didn't allow traders to initiate short positions and that's why the possibility of a short-cover rally at some point or at the close is relatively small. This is why we may just drip painfully lower throughout the course of the day which is what we're seeing right now.
Right now I'm up a little trading WLP twice and buying back my MTW calls for some pocket change. Goal is to remain in the green today.
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