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Registered User
Joined: 1/22/2007
Posts: 16
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on DO im thinking of going in for a short term trade any thoughts on what to expect?
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Registered User
Joined: 4/18/2005
Posts: 4,090
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my inclinatin would be to trade it short at this point..
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Registered User
Joined: 12/2/2004
Posts: 1,775
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QUOTE (scottnlena) my inclinatin would be to trade it short at this point..
I'm not playing it, but I sure wouldn't short it here. Price cleared Dec. resistance last week (barely), but on strong volume, plus price is now above both 50 and 200-day MAs.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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this is true..I'm not playing it either.. but if I had to pick a direction for a short term ... well it isn't a gret pick to me either direction. But so much upside has been made that I would lean towards a short term correction. IN and out in a day or two. but I'm not playing it at all.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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TSV and ROC have toped the chart and I find that often this is a great indicator for a short term correction coming soon.
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Registered User
Joined: 10/7/2004
Posts: 264
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A move down into and out of the 82.56/80.27 support area would allow a long entry. Good luck.
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Registered User
Joined: 1/22/2007
Posts: 16
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you all are talking about a short term correction. how long and how far do you see it earnings come out on thursday. do you think we go down till then?
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Registered User
Joined: 2/23/2006
Posts: 102
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Welcome wizetrd! You'll need to be specific in your posts if you have any hope of a helpful response. Many will have an opinion on any stock you put out there. I think you're on a good stock here with a proper time frame if earnings reports are meaningful to you. DO seems to be moving up into the report... or was it oil up five bucks for the week? I'm back from a vacation and energy will be the focus sector.
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