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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (47947)	5/14/2012 9:53:35 PM
From: Sergio H	Read Replies (1) \| Respond to of 78673

EKS, I bought HES for the same reason as others. The reason for the sell off is clear and the fundamentals are solid. It's only a matter of time till HES regains its footing. Did you see the huge insider purchase by John Hess? Credit Suisse has a good report lowering the stock to neutral but expecting the company to get back on track and for management to make some adjustments to accomodate the delay in production, such as an asset sale or cost reduction measures. A new 52 wk low exceeding avg. volume by a large amount is a good technical indicator signaling that everyone who wants to sell more or less has sold. You are correct that today's volume increase was not large enough to signal that sellers are exhausted but today's price also includes a gap. It opened and closed at a lower price than yesterday's price activity. I haven't looked at Wm% in a long time. Thanks for the refresher. Anyway, I think that the market as a whole is a little oversold at least temporarily. BWDIK?