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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

OIH: Breakout

RaginCajun Thu May 15, 2008 11:34am EST 6 Comments

It’s all about oil services today, check screener for a few names.

Top Holdings in [[OIH]]:

[[BHI]], [[BJS]], [[CAM]], [[ESV]], [[DO]], [[EXH]], [[HAL]], [[NBR]], [[NE]], [[NOV]], [[RDC]], [[RIG]] [[SII]], [[SLB]], [[TDW]], [[WFT]]

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6 comments

  1. Gunners
    Gunners
    May 15, 2008 at 11:36 am

    Cajun, what are you doing with the FWLT. keeping it or cashing in?

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  2. RaginCajun
    RaginCajun
    May 15, 2008 at 11:38 am

    My target is $80, or if the market tanks, I will sell with a break below 20 day on 5min chart.

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  3. RaginCajun
    RaginCajun
    May 15, 2008 at 11:54 am

    Gunners, notice how the 20 day is holding support on the 5 min charts. That’s normally a good exit with a break below.

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  4. Deeeeep Value Investor
    Deeeeep Value Investor
    May 15, 2008 at 12:15 pm

    Rajin, come kleen; you are hMoMo (the h is silent) trader, not that there’s anything wrong with that.

    I will offer that the key to successful hMoMo trading is setting stops and adhering to them.

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  5. Cajun
    Cajun
    May 15, 2008 at 12:25 pm

    Deeeeep,

    You will pay for this affront.

    Gunners, I’m just about out FWLT

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  6. JakeGint
    JakeGint
    May 15, 2008 at 3:38 pm

    RC – why do you have two log in monikers?

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