Drilling Stocks

Yeah, natty has now fallen roughly 44% without even a semblence of a correction. COT's showed a record spec short position. This market is a powder keg waiting for a spark, and Fay was a disappointment.............so far. A few models stall Fay in Florida and then build in a ridge, pushing her back west or west-southwest into the gulf. If models keep trending that way overnight, we may get the spark we need. Also note that 94L is modeled into the gulf late next week, so there are players on the field, just not sure how they will fare at this time.
 
Looks like the sector bottomed on Monday. Many chart patterns pushing weekly highs of last week.
Lots of great swings in this group!
 
still holding tight to some chessie, out a few of the others with some nice gains. interesting action all around today in the oil patch, APA lagging the sector a little bit, bought some for a scalp
 
Nat-Gas rolling over and crashing today; just took out the stops at the previous low.

7.79 last in Sept. with an intra-day low of 7.765
:eek:
 
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