Indices are lower and near low of the day as oil hits new low again.
S&P 500 @ 2070.48, low 2068.24, high 2085.58
Internals are negative
Oil Down $1.22
Gold Down $19.90
Canadian $ Down 13 tick @ 83.77
VIX UP 17.02% @ 18.63
Portfolio AKS BBRY EGO GPRO MU NXPI TSL
Most stocks are down
@ 2.21 following are green by 1% :
NXPI TSL LEN YELP WUBA JKS CSIQ TWTR
LSCC PANW M TRLA Z .......
Next post on Friday after close.
Have a very happy new year !
BLOG does NOT give buy or sell.
Saleem
13 comments:
Hey Saleem,
It is not easy to identify a chemical company that benefits greatly from low natural gas prices. Many of them are forced to lower the prices of their chemicals too, so they aren't benefiting as much as I'd like. Do you have any ideas on low nat gas plays? I think it could get under $2 in the spring.
Stocktrader
Hi Stocktrader,
there are many Nat gas plays in Canada, most famous is ECA which trades in NYSE.
Others are in Toronto only like Tourmaline TOU.TO which is high beta..you can get this with US funds discounted by almost 16.5%...last trade CAD $38.56....
Many junior plays in Toronto but i will not recommend them....
Good luck with your gas find.....
Saleem
Hey Saleem,
Sorry, I meant weak natural gas plays--any ideas there?
Stocktrader
Hi Stocktrader,
IF you believe that $2 gas is reality, then all natural gas producers are vulnerable to sharp slump.
I don't follow this sector except Nat gas prices.
Good luck!
Saleem
Hey Saleem,
I almost bought WLK right at close, but thought it better just to do my homework first. I imagine I will end up buying a chemical company though to invest with my low nat gas thesis--I just have to find the right one.
Stocktrader
Hi Stocktrader,
Good luck with your research in chemical sector.
Futures are flying.
Saleem
Hey Saleem,
Did end up buying WLK @ 61.838.
Price action during declines in the last two days has been good.
Stocktrader
Hi Stocktrader,
Good luck with WLH.
Saleem
Hi Stocktrader,
WLK I meant to write but my tablet wrote wrong ticker.
Saleem
Hey Saleem,
With these interest rates, I might buy WLH next! :)
Stocktrader
Hey Saleem,
Bought PANW back @ 119.738.
I really feel like cybersecurity will continue to be a high focus for all companies and PANW is the leader.
Stocktrader
Hey Saleem,
Back to 100% invested.
Stocktrader
Hi Stocktrader,
Good luck with PANW and 100 percent exposure.
Saleem
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