Thursday, March 19, 2009

Hammy Trade - HES

Sold 40 HES @ 64.79



Why I sold: I sold because of market direction. The energy index is loosely linked with the overall market, and I saw the S&P break a trend line. I have a nice gain on this stock for the day and decided to take it, and call it a day.



spy



1 week update on price:



Success! on 3/30 HES is around 55. Here's a chart of some recent action:




2009-03-30_1012.png


The stock started giving warning signs anyway, but I'm glad to have decided to take my small profit. Even the little wins are encouraging.






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