Fast Money's Falling Oil Price Trade
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Created by barrons2
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Date updated:05-14-2008

If oil’s run is done what are the next ways to play the commodity trade? Although many investors recommend moving to early cycle stocks, I don’t think that's the right way to play it, says John Roque, Natexis Bleichroeder Technical Analyst. I recommend sticking with leadership groups which are commodities.

symbol name last price % change open
  • +
  • DRYS
    Dryships Inc.
  • $6.85
  • +2.09%
  • $6.83

Trends in this chart suggest to Roque that the stock could go to $124. I also like this stock, adds Guy Adami. However it’s important to note that this is a volatile stock. I’m not that crazy about this company, counter Jeff Macke. I’d let it come down before getting in.

People owning DRYS also tend to own: ACICBICMIFTKJECTBSIACH

TheStreet.com Rating: D+ What is this?

  • +
  • EP
    El Paso Corporati
  • $10.00
  • +0.70%
  • $9.96

Trends in this chart suggest to Roque the stock could go to $24.

People owning EP also tend to own: ABPAPUBKMUFEICHALPEPYUM

TheStreet.com Rating: C- What is this?

  • +
  • OII
    Oceaneering Intl
  • $56.50
  • +1.45%
  • $55.69

Trends in this chart suggest to Roque the stock could go to $86.

People owning OII also tend to own: AEMCNXDXDEGYGGMTUNANX

TheStreet.com Rating: B- What is this?

  • +
  • GNK
    Genco Shipping
  • $24.91
  • +3.36%
  • $24.53

Najarian said he likes a lot of these names. He agreed that DryShips looks ready to go up. He said he also likes Genco (GNK). Seymour said he also likes Genco, and that a shortage of ships is supporting shipping rates.

People owning GNK also tend to own: BDGBRNCDHRDISHFPLJOYGMRK

TheStreet.com Rating: C What is this?

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