Thursday, October 28, 2010

Bookkeeping: Closing Kinder Morgan Energy (KMP)

Reason: Boredom

Reason #2: Chart looking iffy

Reason #3: Chart of oil weaker then when I bought, stuck below resistance after making a go of it 2 weeks ago

Reason #4: Commodities are overbought and due sooner or later for a correction

Reason #5: "Breakout" has reversed

Taking a 2% loss.

No position


Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012