[Closing Position on Anadarko Petroleum (APC)]
Dear Member:
Anadarko Petroleum (APC) has fallen with the oil sector and although I don't expect the warm weather in the east to continue and I don't expect OPEC to sit idly by and let prices fall, it is time to exit for now. A market order to sell APC seems the best way to get out and keep losses relatively low.
DISCLOSURE: At the time of publication, I have bullish positions in APC.
Sincerely,
Bill Kraft
|
