mikestockmarket
Long

BHI ready to move higher, lots of talk about value

BATS:BHI   BAKER HUGHES INC
281 7 1
I want a price under 45.50, I hope to get long tomorrow.
Dollar Index             was strong today and the S&P             dropped. This rallied, my view is this is ready to go higher.
There is also some news around this company at the moment suggesting it is a cheap stock.

2-1 R/R nearly. I'll get a stop to break even and then let it run.

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Business Profile:
Baker Hughes             Incorporated ( Baker Hughes             ) is engaged in the oilfield services industry. Baker Hughes             is a supplier of oilfield services, products, technology and systems to the worldwide oil             and natural gas             industry. It also provides industrial and other products and services to the downstream refining, and the process and pipeline industries. The Company may conduct its operations through subsidiaries, affiliates, ventures and alliances. It operates in more than 80 countries worldwide. The Company operates in five segments. Four of these segments represent its oilfield operations and their geographic organization: North America (U.S. Land, Gulf of Mexico and Canada), Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. Its Industrial Services and Other segment includes downstream chemicals, process and pipeline services, and the reservoir development services group.
Got filled @ 44.78
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stop @ 43.00
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Have moved my stop to break even as today's action is a little concerning....
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mikestockmarket mikestockmarket
Stopped out at break even.
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Baker Hughes Falls on Miss; Schlumberger Pulled Down by Market
http://blogs.barrons.com/stockstowatchtoday/2012/10/19/baker-hughes-falls-on-miss-schlumberger-pulled-down-by-market/
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