In the old market today.I went from 50% cash to about 15% cash.Did pick up a partial position in RIG to complete my driller portfolio - will complete the position if it continues down the the 35 RS line.NBR has weakenned through the day but thats just the day. PTEN is down more. SLB is amazingly strong considering the rest of the services sector. Didnt get weak enough for me to buy any.I upped my stake in oil/gas services and took a flyer on AET for a 1 or 2 day bounce.Wish me luck - I may need it.
DJ. . .I'm with you on the AET buy. . .21% sell off?. . .worth at least a 5% pop, even if it continues to go down.
Dang - shoulda held on to all of em - was playing for a strong close - just didnt wait long enough.Ahh well... Hindsight rocks ;-)
Its interesting - strong support intraday at 35 -- kept watching it and couldnt watch any longer.Bought a bunch and sold most of it at 36.60 (lost my nerve, but made a small gain there).Now left with 200 shares at 36.33 for a longer term.Citi downgraded the stock from buy to sell, said theyd be buyin it again $11 down -and waddya know... it got there. In one day.Amazing.Good luck with the trade there.