NYSE:HAL   HALLIBURTON CO
50 4 1
Following up with my HAL             daily chart from 21 days ago, my short was triggered at 56.90 solely based on anticipation that a challenge to underside of uptrend channel bottom would fail.
When OPEC decided not to cut production, (i suspect they at looking at technical chart), price of HAL             plunge straight down.
I took 90% of my profit at 41.99 leaving just 10% to see if i can get any lower.
I did similar, big play large profit, and I took small call option position to retest to 47. But not sure with politics involved if we see the bottom at 60, or even 50 before the big bounce. Maybe middle east oil with larger cash reserves wants to put competition that has borrowed greatly for this boom, debt burdened, out of business. Chart says we bounce here, but don't know, watching. nice play for sure.
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claydoctor claydoctor
also some big players already going long with big oil drillers at these levels. we will see.
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jangseohee claydoctor
that was a good one due to large gap, but only for really short swing trading.
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claydoctor jangseohee
so bottom line, what do you think bottom is?
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