That was an instructive post. I know, been there, done that last fall. Now listen: The trend is your friend, don't catch falling knives, and you won't lose money by selling early. Hey, I really just made those up! :)
Its easy to feel smug right now. I jumped on PTEN and UTI (and more NE) and feel like the world's greatest analyst -- hey, check my posts -- I said land drillers would do great this week! I've had a good week as have most of you.
I suspect unless we get some real bad news from Norway and OPEC, tomorrow ought to be pretty good. Unless the OPEC boys self-destruct over the weekend (that could happen), Monday ought to be pretty good as well or maybe even reeel good.
Then what? We've had a good rise since a week ago, maybe Monday will be a time to take some $$ off the table. Any thoughts?
I have found that DMI (don't look Paul ;)) has been a real good buy-sell indicator for me. Had I used it last fall consistently, I would've been able to by that Lincoln Navigator in January.
Or if we're not going to trade, but stay long how about the cc route. Steve is our covered call guru, maybe he can pitch in.
As Thean said, this should be interesting. Hope everyone pitches in with some tactics.
BTW, where is "greenman," its his time to take an emerald shine!
Good fortune to all,
drsvelte |
