Tufar on Finance and Economy

Contemplations on Finance and Economy

UNP and WLT

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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.

Written by Nicolæ Tufar

July 29th, 2008 at 1:09 pm

Posted in Markets