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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (52271)	2/18/2022 11:01:26 AM
From: ItsAllCyclical	3 Recommendations Recommended By ajtj99 Lee Lichterman III towerdog Read Replies (1) \| Respond to of 96428

Thanks, but again there's a lot of lower quality stocks in the XES. I prefer to look at the top components to see how they're doing (SLB, HAL, BKR). Everything I own w/in the service sector has positive earnings and decent balance sheets. CHX is getting hit from a large seller that bought in 2 years ago during original merger at approx $10. Should be out in the next month. Guidance was very conservative and at some pt I would expect company to buy their shares. Everything else I'm way above my basis and positions are sized accordingly. Correction in energy is healthy and needed. Certainly can go further w/broad market so close to breaking down and retresting the lows. Raised some cash w/in energy yesterday and today where stocks had run quite a bit ST so I can buy the dip if it gets good enough. My 12-18 mo thesis hasn't changed.