Petroleum Dev. - PETD - close: 40.42 chg: +0.54 stop: 38.95
We remain bullish on the oil sector and PETD but this appears to be a case of having our stop loss too tight. Shares dipped under the simple 10-dma and support near $39.00 intraday and tagged our stop loss at $38.95.
Picked on February 6 at $41.33
Gain since picked: - 0.91
Earnings Date 02/17/05 (confirmed)
Average Daily Volume: 643 thousand
Kohl's - KSS - close: 47.60 change: -0.13 stop: 47.01
We are kicking KSS off the play list. The stock has never traded low enough to break support near $45.00 or its trendline of rising lows. Our trigger to short it was at 44.49, which has not been hit. Yesterday's upgrade to a "buy" from AG Edwards has broken the three-month trendline of lower highs. Longer-term KSS remains in a bearish trend and we will keep the stock in mind as a bearish candidate going forward.
Picked on January xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/25/05 (unconfirmed)
Average Daily Volume: 1.7 million
by OI Staff
Body goes here
Today's Newsletter Notes: Market Wrap by Jim Brown, and all other plays and content by the Option Investor staff.
Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.
Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.
To ensure you continue to receive email from Option Investor please add "firstname.lastname@example.org"
Option Investor Inc
PO Box 630350
Littleton, CO 80163
E-Mail Format Newsletter Archives