Option Investor
Watch List
HAVING TROUBLE PRINTING?
Printer friendly version

Target Rich Environment

The decline in everything with a symbol has produced what could be considered some screaming buys. Unfortunately I am not ready to catch a falling knife. There are so many we could bleed to death from the cuts. I think this week is a perfect week to add to existing positions.

I would not hesitate to add to these:

BHI above $78
MDR above $40
CSX above $60 with a $57.50 stop on the new position
FTI above $60 with a $58.00 stop on the new position
SLB above $57 with a $54.00 stop on the new position
TIE above $31 with a $29.00 stop on the new position
BTU at $47
CCJ at $35
FTO at $50
VLO at $56

My favorite after last week's action is Halliburton.

Strong support at $65-$67 and nothing but good news.
Buy the dips!

Jim Brown
 

Dropped Entries

None


New Watch List Entries

None

Current Watch List

None
 

Leaps Trader Watch List Archives