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  • Ocean Man
    Starting to look very cheap: CLF 48, BTU 23, WLT 49, CAT 88, POT 38. Probably limited downside to COP w/ a 5.2% yield too.
    5/19/12
    Reply (7)
    • Chines33: Hard to say at this point. I would agree except that no one knows how this is going to shake out.
      5/19/12
    • Chines33: I think there is plenty of downside "potential" left in all of those accept may COP
      5/19/12
    • Chines33: I do think on further weakness its time to start buying some high yielding oil/nat gas
      5/19/12
    • Ocean Man: Agree. If we're red Monday I might start 1/4 positions in a few of those and add when the gradual down switches to a cliff.
      5/19/12
    • briandiplacido: Is that what experienced traders do when they are not 100% sure it's really a "bottom"? Get a little in case it is, buy more if it isn't?
      5/19/12
    • Ocean Man: The TA guys don't, and the momentum guys definitely don't, but some do and it's what Cramer teaches. I do, but not because Cramer says to.
      5/19/12
    • jmartz101: I think come Monday I'm going to initiate positions in POT and BTU. I see a relief rally coming in the market soon, but could be wrong.
      5/19/12