Edited by xD&Cox, 22 January 2007 - 11:11 AM.
sold Oil Services
Started by
A-ha
, Jan 22 2007 11:08 AM
5 replies to this topic
#1
Posted 22 January 2007 - 11:08 AM
for about average %5-%6 profit...
They were OIH WFT BJS HAL GSF SLB RIG BHI
i have no long position in any sector....
#2
Posted 22 January 2007 - 11:17 AM
Nice
I'm still waiting to see when you put that second nail in.
Qui custodiet ipsos custodes?
#3
Posted 22 January 2007 - 11:23 AM
You are tempting me to sell. I'm up about 2.7% in IEO at the present market value. I'm going to give it another couple of days though. I think you may be early in leaving.
But quite frankly, given my record, I should be following you in getting out the door while ahead.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#4
Posted 22 January 2007 - 11:36 AM
Honestly it looks ok at least today... Watch 134.7 +/- 0.2 ... there is a steel wall there... an inner declining top line which also corresponds to the level where it cracked down on volume...
I think at least you may get more consolidation there before any breakout...
What really scared me is the market ... I have a sneaking suspicion that they will pull the plug before the big earnings ... I didnt want to hold any longs...
If they do, it could take them all down including commodity related stocks... just like May 06.
#5
Posted 22 January 2007 - 11:41 AM
vitaminm
#6
Posted 22 January 2007 - 01:26 PM
I also closed the longs this morning (or more like stopped out around noon). This really worries me now, I think there is really not much left for further upside catalyst for the ST. Perhaps the Fed POMOs are next for the eom, it's been a month since the last POMOs. The treasury investment auctions were not also impressive...
The dealer activity also went down quite a bit, I think they are happily selling to the buyers now...