iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Oil Strong and Tech Weak in Early Trade

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.

Post to Twitter Post to Digg Post to Facebook

If you enjoy the content at iBankCoin, please follow us on Twitter