I couldn't agree more on NE. Ditto for MDCO, ESV, RDC, among others, which is why I sold these weeks ago. The stuff I bought last week is EVI, VRC, FGII, SII, and a small amount of RIG. I've gone over the 10k's again, and I really don't see the likelihood of a substantial impact on earnings. Nevertheless, I waited for the technicals. So, I used discipline, reason and all the tools at my disposal, and I still had my head handed to me today.
In any event, nice move on shorting NE. It's good to see someone here making some money. You may have to finance the party by yourself, though. <g>
I'm more jealous over the short than about my mis-timing going long, since I covered my shorts some time ago (techs and internet, not oil service). |
