OIH and Drillers

L

Landis82

Natty gas is surging 30 cents today in the January contract and putting a fire under the land drillers with a +$5.10 move in Crude creating a surge in DO and RIG.

A great sector to TRADE!
:cool:
 
Does the tail wag the dog, or vice versa??
Do you find the stocks follow the futures, or otherway around??

Same question for the miners/metals...

I've heard no correlation, and both sides of the argument...
 
Quote from S2007S:

I know, Im in around $35.25.

Thursday traded as high as $50.

Think its back to $38.
More...

If the short-term trend has changed in the energy complex, it won't matter where it traded last Thursday . . . those prices won't be seen for awhile. Where is your stop loss at?

Crude +4.52
Natty +.33
 
Quote from Landis82:

Now trading at $32.50

:eek:
More...



eeeeek



im worried...


Im in around 35.25-35.50.

HAHA

Ill remind you when I sell my shares above $40++++

I do not have a stop order in by the way and will average down like I did last time around $25-$30.

Last time it payed off as you know it did jump to $50+





Last week I purchased DUG at $38 and sold it at $44.00 in my IRA, not many shares but enough to make a few hundred in about 2 days.
 
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