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NXY Looks Like It's About to Launch


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#1 Cirrus

Cirrus

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Posted 16 October 2007 - 10:21 AM

Just what I hope is a timely update. I've posted this one several times as an 'underappreaciated oil blue chip'. Its an mostly E&P company producing mostly crude oil. It's in the sweet spot IMO. Again, I've been very long via some stock and Mar 35 calls. The daily chart looks explosive and the larger timeframes look the same. The weekly chart has been in a rectangle consolidation for a long time. It's a 25+ billion dollar company so my 'touting' won't move the stock. I'm posting cause I think it's a really nice risk reward position from the long side in multiple time frames......