Stock Watch 2.24.11 “Petrol Mania”
Wednesday was National Oh Man We Need to Create an Oil Crisis Day. Every oil/refinery stock blew it’s socks off .Some of the players were up as much as 90%. Oil prices have been rising for a while but they jumped huge from the violence in Libya. Just another way to create fear because we all could get along fine without Libya oil. Now that oil is back above $100 per barrel and you’ll be paying $4 a gallon for gas soon, it is disrespectful to call oil “Black Gold” because it is more valuable than gold. Maybe not in sheer weight but we wouldn’t bomb and kill countries to raid their gold supplies would we. Therefore gold should be referred to as “Gold Oil”. Anyway, this watchlist will show you how to profit in this sector.
Monster calls in chat room Wednesday with LLNW LNG GBR PDO and a ton more. Join here
Stock Watchlist BDCO ROYL PDO SYNO KOG MOBI
Previous Watchers PDC LNG GLUU MGIC DBLE
BDCO
What a stud. Up over 90% on the day. This was a total momo play. Depending on the news maybe this gets an early lift. If I buy it it would be light scalps only. The real money is made in shorting. If you can find shares this is a gimme. The mother of all shorts.
ROYL
The last time gas was at 100 a barrel this think went to $14. See how this plays out as I am interested in trading both directions on this
PDO
Another cheapie oil play. You could have thrown darts at these Wednesday and banked. Keep an eye on these. he market will tell you what to do with them
SYNO
Got a boost from earnings. It gave up a lot in the afternoon but maybe it was profit taking or feared traders. has potential to pop heavy if the market gets a panic bounce
KOG
More oil plays. You know the drill. This one traded somewhat unpredictable Wednesday with heavy intra day swings
MOBI
Broke out of a nice flag pattern . See if it can run early for a long and the fade after that
FBP
Death Chart
KNDL
Death chart 2
