By Steve Patterson on
6/29/2008 10:00 AM
Not quite at a 52 week high, Hess Corporation is a New York based explorer, purchaser, and developer of oil and natural gas. The company’s stock is a decent buy from the normal gauges that I study. The industry is a little weak with refining margins remaining tight. But the company could break out of a chart pattern at $130 and rally on its very bullish earnings expectations.
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By Steve Patterson on
6/28/2008 11:14 PM
Hercules Offshore is a Houston based provider of services and equipment in the exploration and production of both oil and natural gas in shallow areas offshore. Deep off shore drilling are the buzzwords in politics but with energy the focus of investors and profits very tangible in oil production, HERO is at a 52 week high and positioned for more upward movement.
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By Steve Patterson on
6/28/2008 8:53 AM
When I see other financial bloggers on sites like SeekingAlpha and StraightStocks
I sometimes wonder who is tracking their picks and who is keeping them
honest. Their picks don’t have a very good chance of paying off anytime
in the next 6 months. And most investors will be selling an investment
that has only lost them money over the last six months.
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By Steve Patterson on
6/25/2008 10:59 PM
When a fad fades watch out below! Crocs has had an amazing
crash from its high in November of last year to a new 52 week low today of
$8.12 a share.
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By Steve Patterson on
6/24/2008 10:04 PM
Eastman Kodak jumps
13% on buyback plan and investors buy up the Call options in hopes of more
upward movement.
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By Steve Patterson on
6/23/2008 9:57 PM
Circuit City tumbled to all new lows today, down 21.26% as the
market got scared about an upcoming meeting and views that their earnings will
be terrible. Goldman Sachs sent shivers through the spines of investors on Monday
when they predicted that retailers selling non-essentials would have bad
quarters due to the difficult and cash strapped times for consumers.
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By Steve Patterson on
6/21/2008 12:17 AM
Today presented two opportunities to trade around a couple
of positions that I have. I still believe strongly in both positions but in one
case General Motors (GM) moved too much and in the other case Regions Financial
(RF) moved against my position.
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By Steve Patterson on
6/19/2008 3:05 PM
Research in Motion (RIMM) and Apple (APPL) seem
to be dominating the handset space as both companies are at 52 week highs today
while competing makers Nokia (NOK) and Motorola (MOT) are at new 52 week lows.
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By Steve Patterson on
6/18/2008 12:10 PM
Carmax should have done alright when it reported
earnings earlier today as the car dealership sells mainly used cars. The ones
that are inexpensive compared to the auto dealers selling the straight from the
factory more expensive versions.
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By Steve Patterson on
6/17/2008 4:30 PM
Regions Financial (RF) showed up on my radar as
there was a large amount of Put activity in the month of July at the $12.50
strike price.
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