Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Monday, March 5, 2012

EOG Resources Short Interest

The market is just opening and its better to confirm at close, anyway EOG looks like a safe short.
Eog market cap of 30 billion sort of diminish a takeover possibility, a float of 260+ millions and a daily volume of 2.4+ millions for the last 3 months give us ample liquidity.
The last earnings announcement was in February so no surprise in the near future, a 2.20 short ratio does not foresee a squeeze.
Stop loss for today is at 116.75


The volatility looks ready to start up.



Good luck,

No comments:

Post a Comment

BlogCatalog

Investing Blogs - BlogCatalog Blog Directory

Followers

About Me

From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com