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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: profile_14 who wrote (673)12/1/2004 3:33:13 PM
From: CommanderCricket  Read Replies (2) | Respond to of 13449
 
profile,

I'm also looking at CNQ. For you FA folks, it's a bargain at 3x CF.

Need some larger cap stocks to balance my energy portfolio. Also looking at more PXD.

Wild day - didn't think the inventory reports were that bearish. Oh well, snow on the ground here again in Chicago.

Michael



To: profile_14 who wrote (673)12/1/2004 5:40:54 PM
From: chowder  Read Replies (1) | Respond to of 13449
 
Profile,

Congratulations on your OSX call.

Anyone buying the oil service stocks as the OIH was breaking out above 85 was doing the right thing ... as long as they used good stop loss disciplines. They would not have taken a loss on their position if they used the rule of once profitable, don't let it become a loss.

It isn't unusual to see false breakouts and we as traders must be very disciplined in our stops. Managing risk and protecting capital is priority number one.

Can't fight another day if you don't live through the battle.

stockcharts.com[h,a]daclyiay[d20040701,20041201][pb50!b200!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

dabum



To: profile_14 who wrote (673)12/1/2004 11:45:58 PM
From: bull_derrick  Read Replies (1) | Respond to of 13449
 
On AAPL, stock has stalled around its all time high level from 2000. Stock is trading high pre-Christmas on a buy on the rumor mode. Even if the company does well in Christmas season, I wouldn't be at all surprised at some sell on the news at some point in Q1.

Looking over the options tables, I would probably go long with AAQSI which are July 45 puts. There's a double or triple there if the stock corrects in Q1. I'm pretty fully invested in a lot of stuff right now and may not do this one, but that considering the chart, various strikes and prices, that looked like the best risk/reward to me.