Seeking Alpha
  • Ocean Man
    Trimmed some COP at 54.26. Had added on the dip below 51, resizing to normal position size. Still like it, nice yield.
    6/7/12
    Reply (6)
    • Ocean Man: Trimmed some MMLP too. Also had become too large with the add under 30. 32.50 is still a good price, but more of a midpoint.
      6/7/12
    • neobliviscar: Yep. Like this one too. I purchased while back around $51.90 & took some profit today. Only have 1000 left. May dump and wait for pullback.
      6/7/12
    • Ocean Man: Trimmed some VXX short too. Just trying to get a little less long after the ride from S&P 1270 to 1329. Accumulating dry powder.
      6/7/12
    • neobliviscar: Totally agree. I lightened up yesterday & more today. Sold most of COP near the top, but looked away & now its below $54. Caught snoozing...
      6/7/12
    • Ocean Man: Glad to hear you're thinking the same way, neo. That's a 60-point move in the S&P, almost half the May drop.
      6/7/12
    • neobliviscar: Yep, thought it is largely a recovery of last Friday's drop. However, I didn't sidestep MCD. Gah.. good year, but sucking it up this month.
      6/8/12