Wednesday, March 9, 2011

Selling Oil

I sold RES, TE, WLL, & XLE in anticipation of some resolution to the Libya situation. RES and PTEN are bucking the trend but I think I'll be able to get back in cheaper later so I'll take these profits and avoid the frustration of watching winning positions go negative.

MY beat estimates. So badly in fact that it loses credibility in my book. They could provide better guidance.

FMCN is up nicely.

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