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I have two positions that have absolutely sucked: COP and CNQ. Based on their patterns, I am doing a total greenhorn move and adding to them. I think these suckers are eventually going to break, and I’m happy to just keep buying more puts.
I remain astonished how well our bullish cycle play on natural gas continues to run.
Of the thousands of charts I follow, this remains the only one which is steadfast to its sinewave.
I’ve also bought puts today on Conocophillips (COP) based on this beautiful topping pattern.
