Oil/Energy
Chevron Symbol: CVX
http://en.wikipedia.org/wiki/Chevron_Corporation
Rationale: Chevron has reserves, and a long-term business plan that can environmentally support change, and still profitable
Guidance:
First bought 12/30/08 and ongoing on dips. Average cost 56.40.
Use a 25% trailing stop loss.
Up to 79.64 11/30/09
Exxon Mobil Symbol: XOM
http://en.wikipedia.org/wiki/ExxonMobil
Rationale: Exxon is the big ugly. It mirrors the oil distribution/refinery market well
Guidance:
Most of our long-term traders have owned this since 2007, bought at averages of 50.00, and have doubled their money several times.
We now recommend new buys at any price under $60.00. We’re far from that now, but oil will drop.
United States Oil Fund Symbol: USO
http://www.reuters.com/finance/stocks/overview?rpc=66&symbol=USO
Rationale: This ETF holds a variety of oil and oil transport issues, and we often trade as a put or call.
Guidance: Not currently owned, but tracked. We see oil trading in a range between $65.00 and $100.00 a barrel for an extended period. At $100.00 oil becomes supply and demand come into full force.
ITC Holdings, Inc Symbol: ITC
Rationale: Really study the website and learn the transmission service this company leads. We think they are the future, and we are trading for the long term.
Guidance: We first bought ITC 4/28/9 at 44.08 and have lowered our price a bit with a second buy on a dip to 43.40
ITC is holding steady, and doesn’t seem to yet be noticed by institutional investors.
Study this stock. We think they are on to something, sound, and will blossom as a break out stock as they become noticed. Buy.
Use a 25% trailing stop loss.
Van Eck Market Vestors Coal ETF Symbol: KOL
http://www.vaneck.com/index.cfm?cat=3192&tkr=KOL
Rationale: This ETF invests in over 50% of the largest coal producers across the world, and has a low expense ratio. It’s the perfect way to “play” Coal”.
Guidance: We use this as an option trade or an ETF at various times. No current position is held or recommended
