Letting go of EOG Resources, EOG (82.29 -.21%): P&F: Descending triple bottom breakdown (11/27). Price objective is $75. Other positions include: DO (109.65 -.62%) and CHK (37.21 -.45). I'm ok with Diamond Offshore unless it breaks down through $104. Chesapeake Energy might be the class of the three given the price action; recently set all time high of $41.19 and the CEO has been buying shares in mid-30s.
I'm watching position ZQK (11.07 -1.16%). All of our specialty retailers are doing well today accept Quik. I love the company and their products but the stock, eesh, not so good. Maximum length on the leash is $10.63.
I want more ARO, PSUN & URBN but patience must prevail.
ARO: a move through 31.88 (all time high set 5/21/07)
PSUN: needs to get through the 17s before adding
URBN: a break through 28 would be positive and then I'd be looking for the all time high of $33.77 set 11/21/05.
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