Sunday, September 02, 2007

ESV Guides lower, we get stopped out

ESV has some problems in the Gulf of Mexico which will hit Q3 earnings.
As you can see from all other drillers (ATW, DO, RIG, NE) this sector remains hot - it's an ESV specific problem.
You could jump in and bottom fish.

We still have another driller - ATW (up 54% since we bought) - and I think if you wanted to get more, NE or RIG might be a better bet right now than ESV.
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1 comment:

  1. TakeStocK11:02 AM

    I am not a believer of Stop loss strategy …especially when the times are very volatile.
    Some of the stocks stopped out in your case have gained in the next trading session.

    ReplyDelete