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Home Posts Gulf

An Intraday Reversal (BP)

Bella06/17/2010General Comments, Mike Bellafiore's (Bella's) Blogs11 Comments

Tuesday night news hit that a government investigation determined that BP had been spilling closer to 60,000 barrels a day in the Gulf instead of the 35,000 previously thought. This same night President Obama delivered harsh words for BP during his presidential address. The news was very negative for BP heading into today’s session. I started a short position after … Read More

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