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,

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I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick