27
May
Welcome back for a short week. The analysts mostly slept in and its a slow news day. Government data is set back a day for oil to Thursday at 1 pm EST. Gas inventory data is apparently to be released at its regularly scheduled 9:30 EST time slot on Thursday. In Today's Post: Holdings [...]
Posted in Uncategorized | 78 Comments »
23
May
My comments will be brief for this weekly wrap as I'm traveling this weekend. Holdings Watch: I began liquidating some positions early in the week and found myself buying them back lower as the week progressed into redness. Here are the closed trades for the week ended 5/23/08: U.S. Steel – X – June $180 [...]
Posted in Uncategorized | 3 Comments »
23
May
In Today's Post: Holdings Watch Commodity Watch E&P Valuation – A Brief Primer – Part I Stocks We Care About Today Odds & Ends Holdings Watch: Added some small positions on weakness yesterday (SD) – Entered SD July $55 calls (SDGK) for $1.75. Went in small with plans to add more on weakness. [...]
Posted in Uncategorized | 161 Comments »
22
May
Natural Gas traded up $0.057 to close at $11.697 Thursday after the EIA reported an injection of 85 Bcf for last week, inline with consensus expectations. The flattish to slightly positive move for once bucked the day's move in crude which saw modest profit taking after hitting another all time high early in the [...]
Posted in Uncategorized | 2 Comments »
22
May
Profit taking. A four syllable phrase that can make or ruin your day. I did a little profit taking yesterday and I can honestly say that not one bit of it was for fundamental or valuation purposes. Simply put, the need to reduce exposure to a once again staggering broad market, made me increase my [...]
Posted in Uncategorized | 142 Comments »