(MOS: 47.90 +0.65%, 50-day: 43.60, 200-day: 52.28, short ratio 0.80, 1yr target: 57.67) just announced stellar earnings after market close. My position of Aug 150/155 debit call spread is in a deep loss as the share price is $122.36. Hopefully shares will soar tomorrow and I will be able to close my position without a loss. Price is up $2 in the aftermarket. I wish it went up more dramatically.
Archive for July 29th, 2008
UNP and WLT
Sold them to close Aug options position. UNP was moving up gradually, WLT shoot up 15% after stellar earnings.
X also reported above expectation earnings and very good outlook. Stock shoot up 14% but my position in it is still in minus. The volume was high but it failed to cross 50-day moving average. But I hope it will continue its ascent tomorrow.
Oil is falling, natural gas declined 34% this month, consumer sentiment is getting better. CNBC announced that the last 10 days were the best 10 days for stocks ever. But, I still can not find an attractive industry to invest in.
My position in MTL is still standing, accumulating losses but I hope Vlad does something to reverse the damage he has done with his careless attack last Thursday.
Uncertain Markets
Markets continue to oscillate. Absolutely no ideas and no well-defined trends. Commodities no longer work. Vlad Putin continues attack on MTL, the shares go even lower. Now there is a real fear that Vlad will go yukos on MTL.
I mostly look for the ways to trim down and close my existing positions. No prospects for good investment until autumn.