Entry comments: I have held this stock for a while because of Warren Buffet. He has been buying up OXY all year and is one of his biggest positions. I have been down over 20% so I waited for the opportunity to drop my average once I noticed the stock based and started making higher highs and higher lows. Risk is $38.05. I will be holding this one for a while.
Exit comments: Big gap down on energy and oil stocks today. I heard it was something to do with peace talks with Iran and in stopping the war.
2/5: with overall market weak, energy plays are strong, buying morning dip, risking 44, which is below 20MA, looking for move to 50 initially, upgraded risk to 44.5, added 100 to this position. Sold the rest here, but didn't follow rule about holding into close, so possibly cut my win short. Will watch this for reentry on deep dip.
2/5: with overall market weak, energy plays are strong, buying morning dip, risking 44, which is below 20MA, looking for move to 50 initially, upgraded risk to 44.5, added 100 to this position. 2/19: Nice earnings winner and gain. Taking off 60 shares at 52 and letting rest ride, trailing 10MA. 3/26: selling 70 shares into extension here at 64 and riding remaining 70 shares.
Earnings Edge - T. Anderson
2/5: with overall market weak, energy plays are strong, buying morning dip, risking 44, which is below 20MA, looking for move to 50 initially, upgraded risk to 44.5, added 100 to this position. 2/19: Nice earnings winner and gain. Taking off 60 shares at 52 and letting rest ride, trailing 10MA.
FINAL OUT - MIGHT RAISE THE % FOR OUT.
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