Energy Bears Fight Back
Tim Knight | May 15, 2017 03:16PM ET
As I type, oil is still up 2% on the front month, but it’s a far cry from Monday's open, when it was up almost twice that much. I took some nasty losses in shorts like XOP and DBC, along with a few energy positions. In hindsight, it would have been better to have had no stop prices at all. I'm pleased, however, that I didn’t sell a single share of my ERY long, and in fact I bought more shares, nearly doubling my position, early Monday at good prices. I’ve got a stop loss price of 11.50 (see tint) and the open price was the lowest we saw on Monday. It’s been fighting back every since, God bless it.
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