Was hammered and it deserved to be, but it looks like it's reached an oversold status, or at least someone seems to be accumulating it, perhaps to shake the tree of weak hands. In any case, I think there may be a quick long trade here.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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