Seeking Alpha
  • Ryan Mallory
    Bullish Setups If This Market Bounce Continues | $AA $NEE $NOV $PDCE $PTEN $SLCA $STLD $STX $YPF $SWHC $STX http://bit.ly/1gx5QyC
    4/14/14
    Reply (12)
    • 360NoviceInvestor: I am long $NOV, but I don't think it will stay at $80 for the immediate future. I bought some puts anticipating a dip this week.
      4/14/14
    • Ryan Mallory: a lot of oil and gas stocks look top heavy to me... NOV is the best in my opinion as a long.
      4/14/14
    • MichaelJ8: 360noviceinvestor... your going to get burned.... imo of course.
      4/15/14
    • MichaelJ8: ooo wait i see.. your long but hedged short term... might be okay...
      4/15/14
    • 360NoviceInvestor: Yes, I am long NOV, but I just see an immediate opportunity to put at this price. It seems to always drop once it hits the $79 range.
      4/15/14
    • 360NoviceInvestor: Glad to see NOV so bullish! Curious to see how long this rapid ascent lasts...
      4/15/14
    • Ryan Mallory: it really is impressive what is is doing while the market keeps dropping.
      4/15/14
    • 360NoviceInvestor: Didn't see this coming... getting burned on my puts.
      4/15/14
    • 360NoviceInvestor: Well, I picked the wrong bounce to put against!!
      4/16/14
    • MichaelJ8: 360.. it was the long term ascending triangle, 79 is the new support
      4/16/14
    • 360NoviceInvestor: How long with this last for NOV?
      4/17/14
    • MichaelJ8: probably for a while.... spin offs have been good for companies lately (take ABT/ABBV and COP/PSX). I think we go to 90$ before the spin off
      4/17/14