Tuesday, January 09, 2007
Sector Spotlight: Energy
Oil is breaking down and everyone is running for the hills. Now that $55 oil is broken, I suspect the price can hit $50-- near term. Don't get me wrong, I like oil. I want oil to go to $500 per barrel, providing I am still long GMXR, VLO, SU, CEO and PTEN. I am fucked up like that.
However, for now, oil has broken support and will become subject to a rather unkind poleaxing.
Aside from oil, the market is boring me to death. However, I do feel the sideways trading action is healthy and should be bought.
Today, because of the drop in crude, the Airliners and Retailers are green. I fucking hate Airliners, so I will not trade them. However, I do think the Retailers are interesting. There, I like ANF, GES and ARO.
Finally, I love the action in HANS. Furthermore, to express my feelings for HANS-- I am going to crack open a Monster Khaos right now.
NOTE: Whoever is selling MVIS today is a dicktard.
The following Energy stocks have no mojo:
OMNI -6.6%
GMRK -4.8%
PGS -4.7%
DRQ -4.4%
GMXR -3%
However, for now, oil has broken support and will become subject to a rather unkind poleaxing.
Aside from oil, the market is boring me to death. However, I do feel the sideways trading action is healthy and should be bought.
Today, because of the drop in crude, the Airliners and Retailers are green. I fucking hate Airliners, so I will not trade them. However, I do think the Retailers are interesting. There, I like ANF, GES and ARO.
Finally, I love the action in HANS. Furthermore, to express my feelings for HANS-- I am going to crack open a Monster Khaos right now.
NOTE: Whoever is selling MVIS today is a dicktard.
The following Energy stocks have no mojo:
OMNI -6.6%
GMRK -4.8%
PGS -4.7%
DRQ -4.4%
GMXR -3%
