tjdean01

XOM to Bounce: A Mistake

Long
NYSE:XOM   Exxon Mobil
Please check out the XOM chart. 2 wks ago I covered my short at a price of $110 and immediately went long at pink trend line ($12 shares, appx $1300). As u can see, I was wrong and found myself out of the money by appx 5% (-$50). So this morning I attempted to add 10 more shares at yellow upsloping trendline (cuz I'm sure it's going to bounce off this trend line since it didn't bounce off the previous one); but i accidentally bought 100 shares! 😬 It has gone up less than 1% today but I own so much now ($13,000) that I find my overall position 1% ($97) in the money. Im thinking to hold! 😬😬 Thoughts?

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