In the chart below of CLR we can see that traders had a number of opportunities to buy the stock at $65 or better.
Now with news of an agreement to take the company private at $74.28 per share, through Omega Acquisition, Inc., which is owned by Continental's founder, Harold G. Hamm, Real Money subscribers who bought CLR should take profits.
Bottom-line strategy: Let's take profits and look for another energy name to roll our profits into.
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A few months of anxiety likely lies ahead of us, and caution remains the watchword of the day.
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