Oil is getting crushed right now. When you are wrong, like I have been----you have to learn to cut your losses. I am looking to exit my positions in the energy sector (after the market settles in this morning). I can't fight the market. Watch and see what happens in the first 30 minutes of trading. It is IMPERATIVE THAT WE HOLD THESE GAINS. IF WE DON'T THIS MARKET IS HEADED DOWN IN A HUGE WAY!!!
If we do hold these gains, we could be in for a nice rally. I will keep an eye on a couple of my new favorites EME and SWS. I like both of these stocks and think they should do really well in a sustained rally. LOOK FOR YOUR NEW LEADERS TODAY. IF YOU CAN FIND THE LEADERSHIP----YOU CAN REALLY GET AHEAD.
ENERGY AS THE LEADERS IS OVER-----FIND THE NEW LEADERS.
STAY TUNED.
Tuesday, September 2, 2008
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1 comments:
Stand by. Oil will come back with colder months and a threat of OPEC's production cuts.
They found what the market will bear and what the consumer will tolerate. It will only get higher from here.
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