Seeking Alpha
  • Justin M. Hall
    10/23/12 12:47P ET: { Think Energy. } Today, we initiated positions in BTU & PSX. I like BTU at or below $28 and PSX at or below $44.
    10/23/12
    Reply (17)
    • Justin M. Hall: I like PSX best between $43 & $44. By year-end, I'm looking for shares to retest the 9/14/12 high of $48.22. Set a sell-stop at/near $42.
      10/23/12
    • Justin M. Hall: If you elect to trade BTU and PSX, you should maintain a relatively tight sell-stop on both.
      10/23/12
    • Justin M. Hall: Between now and Election Day, we will likely be adding to both of these positions.
      10/23/12
    • Cheesehusker: would LOVE to see PSX pull back into the mid 30s so i can add more to my drip position - thing's a beast
      10/23/12
    • Justin M. Hall: :-) Yeah, I've been waiting for a pullback as well. Hard to say, but it might head higher after today's retest of the 50-day MA ($44.36).
      10/23/12
    • Cheesehusker: she's off to the races now
      10/23/12
    • Justin M. Hall: I caught that. If it closes above $45.11, look out. :-)
      10/23/12
    • Justin M. Hall: After reviewing PSX's intraday chart, the pattern is similar to the pullback on 10/12/12.
      10/23/12
    • Justin M. Hall: If so, look for PSX to trade above $47.22 in the coming days. Looks good. I like it.
      10/23/12
    • wigit5: I feel like day traders could make a killing off of PSX lately
      10/24/12
    • Justin M. Hall: Wigit5, you may be right. But I typically don't day trade. :-) Hard to say; most of the day traders I've met aren't here anymore.
      10/24/12
    • Cheesehusker: ugaz thoughts?
      10/24/12
    • Justin M. Hall: I continue to like it under $39.
      10/24/12
    • wigit5: I don't either it just seems like PSX has seen 1-2$ swings up down. Holding my shares regardless.
      10/24/12
    • Justin M. Hall: Look for UGAZ to hit $60 by year-end.
      10/24/12
    • Cheesehusker: in at 37.7
      10/24/12
    • Justin M. Hall: I think UGAZ will continue to be a smart bet. Play it smart and protect your capital. Be sure to set a sell-stop around $34 (+/-).
      10/24/12
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