OIH
Started by
LongShort168
, Jul 28 2009 01:44 PM
1 reply to this topic
#1
LongShort168
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Posted 28 July 2009 - 01:44 PM
pay attn to AHI & Trend2...
#2
Cirrus
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Posted 28 July 2009 - 02:44 PM
Same feeling here right now. I think energy will have to base for at least another 2 to 4 months or so and it's in the top end of its range. I think the 85 to 90 area is a good area to cover shorts and look for longs WRT the OIH.
There are some stocks in the sector that are worth buying. FWIW I still think the Bakken area is well undervalued (CLR, NOG and BEXP). Also still like certain MLPs that play on increasing NG use and the charts will tell you which ones to buy.
I've been surprised as to the strength in certain names in the sector and I've taken a lump or two trying to short a little early in a few individual names.
