SlipperySlope
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Stephen Reed


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May 03, 2013, 02:07:51 PM

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That battle is spilling so much blood (fiat), removed my bids at 70,  there will be many unfathomable bottoms ahead..

Hmmm. I have not adjusted my remaining sleep-at-night bids, as I expected this capitulation to unfold almost exactly as did the first capitulation from the 2011 bubble. That one dropped 55% from the start, and this one has only gone down 45% from $145. I may split my lowest bid and issue an additional buy limit order even lower. I will not feel really comfortable with my handling of this capitulation unless I miss a bit on the downside of it.