iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

SKF: Bought @ 118 / CHK: Bought @ 46.84

Long Oil, short banks! That’s where the money will be made today.

We’re up against major overhear resistance in the indices. I sold out most of my longs at the open and will re-enter should we clear resistance.

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15 comments

  1. P

    You still holding onto YHOO. I got out this am, not sure if that was the best thing to do but I see other opportunities in short WYNN and long SKF as well.

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  2. thetruck

    watching the airlines drop next cpl days for an entry

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  3. RaginCajun

    I’m still in RIMM & YHOO

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  4. RaginCajun

    Bought more SKF @ 116

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  5. Matt

    OFI anyone? holly shit!!!!!!!!!
    look at the opening. low of $1.77

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  6. Dr. Incognito

    I got in SKF @ 117ish, will buy more under 114. Looking for an entry for X and ESV

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  7. JakeGint

    Matt,

    I swear I didn’t buy any.

    Jake

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  8. Aris

    why did OFI collapse at teh open? didn’t they increase revs and income nicely?

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  9. scott

    I wonder how many stops were taken out in OFI…Holy shit…I would not surprise me to see the stock at 9 bucks before the day is over.

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  10. Matt

    OFI: company should have had a bid in on their own stock to prevent this. Criminal I say!! Stops got slaughtered. I’d be pissed if I had a GTC stop in @ 9 or whatever and got taken out @ 1.77 this morning.

    I don’t think I’d hold this POS ever again based on morning funny business!
    They’ll have a hard time recovering from this!

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  11. sniper6

    shenanigans. It’s a $4 stock all day long (OFI). Glad I sold mine.

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  12. The Fly

    Why do all of you own OFI?

    What is this a cult or something?

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  13. sniper6

    don’t own it anymore. Not buying it again either, unless corn goes to a hundred bucks an ear.

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  14. Cajun

    Just sold some SKF @ 120

    For the record, I never bought OFI.

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  15. Gio

    “long oil, short banks” … that’s how my portfolio looks like. If you had that combo, you had a real good day today!

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