Seeking Alpha
  • Ocean Man
    Forest Oil FST up 7.5% from yesterday's lows. That's how you play the Blue Ocean Strategy. Buy the dips. MHR +5% today, ROSE +4%.
    3/7/12
    Reply (7)
    • Clayton Rulli: MHR, ROSE barely @ mondays levels, and has been declining for weeks. Does Ocean Strategy employ selling at tops too?
      3/7/12
    • fla6987: CW, ive been following OM fot months now and the majority of his calls were spot on, OM i think he wants a disclaimer in every trade lol...
      3/7/12
    • fla6987: Also OM added to the position when the stock declined furthermore he also took some chips out of the table when the stock was trading @ 7.50
      3/7/12
    • Ocean Man: Thanks fla, that's correct. The strategy takes gains, usually sell 1/4 up 10-15%, another 1/4 up 20-30%. I've posted at least 25-30 sells
      3/7/12
    • Ocean Man: over the past couple months. Bought MHR at 4.21 in December and yes, did take gains at several points on the way to 7.50 (+78%).
      3/7/12
    • BTD70: In the end, you can't argue with the green in the Blue Ocean. Learning timing is the thing.
      3/7/12
    • segenault: I'm unable to see the 'declining for weeks' on the charts, but I'm kinda new to this.
      3/7/12