Kissed! STO at 14.00
It’s tantalizingly, alluringly, seductively ripe for profit-taking, my stock STO had a slow start but continued its gravity-defying ascent, the stock had moved up again to close 24points above at 14.00.
Mwah! Really, if I could kiss this stock I would and I’m just going to Keep It Short and Sweet: I’m letting it go where it wants to go.
Presumably, the way to go is up.
Why is that? Just check out what”s happening (these days even if you don’t want to know, you will). Everybody knows, because everybody is hurting from the high price of gas which comes from oil. The big picture shows escalating tensions in the Middle East – ongoing violence in Syria (which always drags oil kingdom Saudi Arabia along), plus the very sensitive Iran nuclear issue. The oil price, it’s not going to come down much very soon. The company STO is an oil stock, and like what they say, “where there is crisis there is opportunity”. On the demand side, there is the seemingly rosier picture in the US economy with improvement in jobs (and when people go to work, they drive their gas-guzzling cars).
So you may be thinking, what to do now? Nothing much,,, I’d be blowing bubbles with my baby. Oh, and adjust my trailing stop – from the highest price 14.00 less the 1R Stop, I’m now looking at getting out to preserve the profits at 13.70.
Have a beautiful day!
(Book available to buy online here!
Blowing Bubbles
