|Day Low/High||23.32 / 24.11|
|52 Wk Low/High||19.72 / 35.39|
Adding and subtracting. Over the last two days I added the same amount to my energy longs that I sold with partials in Citigroup (C), Radian (RDN) and Potash (POT) longs.
Adding to my energy longs. I added to my energy longs: DVN ($58.65), CVX ($111.70) and XOM ($93.80). I am taking Baby Steps as I have no expectation (or allusion) of a short-term rise in the sector's share prices. I am buying for intermediate term....
More on the folly of oil prices. Yesterday, I wrote about the folly of predicting oil prices. While I have no idea how much or when the price of oil will rally, it is instructive to point out two things: Oil has become very oversold in the past and ...
In and out. I'm out of Devon (DVN), have small longs in Exxon Mobil (XOM) and Chevron (CVX).
I will await more energy-sector panic. With oil prices bouncing (+$1.30) recent buys Chevron (CVX), Devon (DVN) and ExxonMobil (XOM) are rallying. For those that have a trading/short-term timeframe, I wouldn't be in these names. But from a several-y...
Today's trade recaps. I added to my XOM, CVX, DVN and FCX longs (all small adds). I stopped out my XLP short and reduced my CAT short.
Energy stocks are buoying the market's recovery from the lows. Devon (DVN) (which I mistakenly pared down a bit earlier this week) is leading the league.
Still housekeeping. Reducing some of my gross long exposure by taking off some of my longs: Citigroup (C) $54.01, Devon (DVN) $64.75 and Radian (RDN) $16.96 .
Not a short-term rental. I continue to add to oil-stock longs -- strictly a long-term lease, not a short-term rental.
I'm more aggressive on my energy buys. As mentioned earlier today, I have been talking/writing about the potential dissolution of OPEC for a bit and the risk of lower prices for energy products . Now, with the general media, as it is wont to do, tal...
Half of the gain has been given back. Crude, after an initial $1 rise per barrel, is settling back again: Half of the advance has been shaved. I'm getting hit on some of my energy bids.
Not a trade. I am bidding for more Chevron (CVX), Exxon Mobil (XOM) and Devon (DVN). This is an investment, not a trade.
The higher they go. There go crude and gold higher in some nice reversals. I have added to Devon (DVN), Chevron (CVX) and Exxon Mobil (XOM) this week.
A quiet day thus far. I added to my Consumer Staples Select Sector SPDR ETF (XLP) short at $47.84. I added to longs in Exxon Mobil (XOM) at $96.13, Chevron (CVX) at $117.61 and Devon (DVN) at $63.93. I covered more Ford (F) at $13.97and GM (GM) shor...
These three. I am pressing these longs: Devon Energy (DVN), Exxon Mobil (XOM) and Chevron (CVX).
Thus far. Today I added to my shorts in SPDR S&P 500 (SPY) at $203.50, and PowerShares QQQ (QQQ) at $101.95. I reestablished my hedge in the banks by shorting JPMorgan Chase (JPM) at $61.30. I added to oil longs: Devon Energy (DVN) at $63.29, Chevro...
And oil is up $0.78. This morning I added to my oil longs -- Devon Energy (DVN), Chevron (CVX) and Exxon Mobil (XOM). A heads up: Crude oil is up $0.78 per barrel today.
A review of Draghi; my recent moves; the market; the election; social media stocks; and Monitise. "Oh, promises, their kind of promises Can just destroy a life Oh, promises, those kind of promises Take all the joy from life Oh, promises, promises, m...