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November 5th, 2009 at 9:51 am
Oxen Report Entry/Exit
CCO – We got into CCO at 6.90 this morning at the beginning of the session. The stock took off from there and is trading at 7.17 as of now. We were looking for an exit of 7.04 – 7.11. The stock already hit our exit range, and we are out for 3%. I think getting in below 7.10 is a great place to buy if you missed the inital movement. This thing should be on a steady incline for most of the day.
DUG – We got into our short sale at 13.15, looking for an exit of 12.89 – 12.76. The ETF is right now at 12.93 and continues to decline in price as the market rallies and oil has turned positive. We are continuing to hold as we get closer to that exit range.
Good Investing!