Conoco Phillips gave me a good scare this morning, blasting its shares higher. It apparently doesn’t realize what a wreck the economy is going to be worldwide. Did I bail? Let me put it this way: I increased my bearish position by 25%, selling into the strength.
I mean, come on, what sort of mincing, prancing, preening, effete hairdresser do you think I am? It’s all about CONTEXT. The daily pattern still rocks the free world! So, no, COP, you didn’t bounce me out. I’m in more than ever.
