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User Info	XHB Channel, and some thoughts; entered at 2007-12-01 18:41:18
Adarak Posts: 5465 Registered: 2007-07-19	It was PAINFUL going long but after the 5th red candle and have a sizable put position in most of the HB's since earlier this year, I thought for sure we would bounce back. Profits were big on the downside so I wanted to get in on the upside action as well. However, on the 7th day, all the HBs were essentially flat and I began to worry. The 8th and 9th day is when the pain kicked in and I figured it was all over and I made a terrible mistake. Since then, I've seen the action move in my favor. I was going to bail out but I believe this Fed cut talk and mortgage freeze will bring us close to the midrange these HBs have been experiencing over the last few months. Nonetheless, I want to bail out of these when opportunity permits because its uncomfortable being in unfamiliar territory. 2007-12-01 18:41:18