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Dropped Entries
None

New Watch List Entries
FWLT
Foster Wheeler
HP Helmerich Payne

Current Watch List

FXI - Shanghai ETF

After getting pounded for weeks I feel the Chinese market may be in for a rebound as we head into the summer games next month.

Company info:

China ETF including SNP, CEO and PTR

List of companies

Breakdown trigger: $120

Buy 2010 $140 LEAP Call YOF-AY

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FWLT - Foster Wheeler

We were stopped out on FWLT several weeks ago and I believe it may have found support at $60.

Company Info:

Foster Wheeler Limited operates through two business groups, the Global Engineering & Construction Group (Global E&C Group) and the Global Power Group. The Global E&C Group, which operates globally, designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure, including power generation and distribution facilities, and gasification facilities. The Global Power Group designs, manufactures and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities globally. In February 2008, the Company completed the acquisition of Biokinetics. On April 7, 2006, the Company completed the purchase of the remaining 51% interest in MF Power.

Breakdown trigger: $60

Buy 2010 $70 LEAP Call LWM-AN

Breakout trigger: $68

Buy 2010 $80 LEAP Call LWM-AP

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HP - Helmerich Payne

HP continues to build the best rigs in the business and they have a multiyear backlog. We were stopped out back in May on our last HP play and the stop went on to gain another $20. Time to try again thanks to the bear market.

Company Info:

Helmerich & Payne, Inc. is primarily engaged in contract drilling of oil and gas wells for others. The contract drilling business accounts for almost all of the Company's operating revenues. It is also engaged in the ownership, development and operation of commercial real estate. It is organized into two separate operating entities: contract drilling and real estate. The Company's contract drilling business consists of three business segments: U.S. land drilling, offshore platform drilling and international drilling. The Company's U.S. land drilling is conducted primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Alabama, Arkansas, New Mexico, and North Dakota, and offshore from platforms in the Gulf of Mexico, California, Trinidad and Equatorial Guinea. During the fiscal year ended September 30, 2007, the Company's international land segment operated in seven international locations: Venezuela, Ecuador, Colombia, Argentina, Bolivia, Tunisia and Chile.

Breakdown trigger: $62

Buy 2010 $70 LEAP Call LQB-AN

Breakout trigger: $71

Buy 2010 $80 LEAP Call LQB-AP
 

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