Haliburton Lowers 1st Quarter Estimates
Today I was long a few oil stocks and doing very well until HAL decided to announce at 12:30 that they expect first-quarter earnings to be below Wall Street estimates. I wasn't long HAL, but HAL dropping 3 dollars caused the rest of the oil stocks to sell off as well. I watched my profitable longs turn against me in seconds. I exited quickly but the damage was already done. Trading doesn't get anymore frustrating than this folks.
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4 comments:
Hey Kevin,
Any thoughts on the Q's today?
Tommarow will be day 5 since the last dip, do you still anticipate further selling?
I'm still short...Anything can happen tomorrow with the Fed meeting so we'll just have to see what happens.
10% in 10 minutes, that's insane. What a market.
Tell me about it...I couldn't believe what I was seeing...
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