10K UPDATE #10
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Created by Dave Cox
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Date updated:07-22-2007
Oil stocks are getting toppy for me. Took profits and waiting out earning season in USO. Was a punching bag last earnings season. Rode the channel in SLW and NYX successfully. Playing biotechs all summer with a few exceptions.
*Stockpickr does not recognize OTC stocks????????
-
USO
U.s. Oil Fund Et - $100.02
- -3.19%
- $102.30
This play is akin to being a card counter at a blackjack table. Has been very good to me as a frequent trade. Back in on 3/14. Will average down if I get the chance. If I get $2, I'll bail and await the next pull back. Oops... got sucker punched buy the Tuesday 'shot over the bow' rumor. What I would do to whoever started that one is unprintable.
-
NYX
Nyse Euronext - $50.30
- +4.99%
- $47.75
I have played this as a chanel stock profitably a couple of times now. I think I'll hold on to 110, now.
-
MPEL
Melco Crown Entm - $7.98
- +6.68%
- $7.59
Bottomed at 11.20
-
UNG
Us Nat Gas Fd Etf - $45.69
- -3.71%
- $47.1699
Same as USO
-
MGRM
Monogram Bioscien - $1.05
- 0.00%
- $1.07
Biotech that provides screening tests to PFE, MRK and others. Heavy institutional ownership.
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