Within oil/gas, HERO (+14%) CQP (+16%), LNG (+34%) and PDC (+5.5%) are leading the charge higher, thanks to escalating violence in God’s sandbox. On the other hand, tech stocks are getting poleaxed, led by losses in FNSR (-35%), OCLR (-17%), OPXT (-16%) and JDSU (-12.8%).
With strength in crude, Airline stocks find themselves on the receiving end of egregious homo-hammers, while refiners, as well as most oil related stocks, trend higher— ever so gingerly.
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“god’s sandbox.” Lol…
Where have i heard that before?
This is a chance to lock in tax losses on some tech and load up on other beaten down tech stocks. CSCO under 18 really tempting. If willing to hold for a few months should see 21 or 22 again sometime this year. Any good news and it takes off. AKAM also appears over sold.