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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (28831)2/27/2003 11:50:09 PM
From: isopatch  Read Replies (1) | Respond to of 36161
 
Energy stock indices down sharply today.

Important to note that despite rocketing prices for the underlying commodities, the OSX and XNG ended trading today essentially where they opened Monday morning!

finance.yahoo.com^OSX&d=c&t=5d&l=on&z=b&q=l

finance.yahoo.com

While the XOI is actually down on the week

finance.yahoo.com

Relatively few stocks have been profitable this week, or for that matter in recent weeks. This remains a very tricky and dangerous market even for good stock pickers and skilled traders.

There's no shame in reducing the frequency of you trading OR even standing aside in a high cash position until the risk/reward environment is more favorable to you.

Be careful out there.

Isopatch