Monday, November 12, 2007
Because I just can't get enough, I bought back JBLU this morning at a significant discount to where it was unloaded once the XAL broke down. Will watch this trade like a hawk, but that capitulation JBLU (and the XAL) made last week looks interesting and this sector remains a 'bearish on oil' play. But it's just a trade... again. Separately, the gold miners are getting clobbered and gold is doing what our over bought charts (& CoTs) said it might. Worried? Not me.