ERX/ERY – ERX has lost a lot of its value and now ERY is actually up. Not too concerning because we are interested in movement post-report, but if things continue to dwindle away for ERX, it could present a situation where ERY may not have a lot of increase if inventories are weak. A more sideways movement would be better for us. ERY does have a lot of upside due to getting killed the past two days, however.
HELE – Still at 21.22 in pre-market trading. We are not going to adjust our entry range, but be careful to readjust down to a lower entry price if this one opens down much more significantly than we had anticipated.
October 7th, 2009 at 9:19 am
Oxen Report Morning Levels
ERX/ERY – ERX has lost a lot of its value and now ERY is actually up. Not too concerning because we are interested in movement post-report, but if things continue to dwindle away for ERX, it could present a situation where ERY may not have a lot of increase if inventories are weak. A more sideways movement would be better for us. ERY does have a lot of upside due to getting killed the past two days, however.
HELE – Still at 21.22 in pre-market trading. We are not going to adjust our entry range, but be careful to readjust down to a lower entry price if this one opens down much more significantly than we had anticipated.
Happy Investing!