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Articles for: Australia
Well not yet but it is possibly only a matter of time. Let’s go straight to the chart and see what we can glean.
Since last week we have seen Santos power away and continue to make higher levels.
In the fourth part of this series, we will be going through the actual trade on our "Hot stock in a Hot sector".
Record oil prices have taken a toll on the US stockmarket this week.
When last we looked at Santos (STO:ASX) the price was getting close to the all-time high of 16.08 set last October.
Since carving out fresh highs in late October, world markets experienced the first significant correction in around five years, and for many it was a rude awakening.
Yes it was a major headline last week and I have only one word for it – blah.
In the third part of this series, we will be expanding on our options trade construction in OptionGear, for our “Hot stock in a Hot sector”.
Mathew Barnes
10 May, 2008
One of my favourite quotes from WD Gann is “Make it a rule to quit wasting your time, because time is money.
US markets failed to maintain last weeks 4 month highs throughout the week, as soaring oil prices added to inflation concerns, and further weakness in the financial sector off-set gains elsewhere.
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