XOM - Exxon Mobil - Page 42

Iran starting to get restless, lets see how this all pans out.

Exxon typically does better on stable oil prices since they have a decent amount of refining capacity.  If we hold at $90-100 without much volatility Exxon could have a pretty q1 and then gain momentum on the tail end of q2 and break to $100.  Remember to sell if short term person the first week of July unless oil is still strong.  They seem to sell of a bit on q2 results, but who knows with the pricing of oil now.

hey anyone can give me some insight, thought about pulling the trigger on the dip yesterday, and today couldn't find an entry point.  If there's a gap down, or it sells short at open tomorrow, would it be a good move to go long on XOM?

Thanks!!

noob

I dont see a pullback. Keep your long with stop order at the support line.

Thanks so much, you guys are all so helpful for a newer investor!!

hoping for a dip tomorrow morning, and that this trend continues!

Quote:

Originally Posted by tlee418 

 

I dont see a pullback. Keep your long with stop order at the support line.

ok picked up some calls when it dipped to 83.00, i'm up already, looking good so far!

I have a quick question for all of you experienced traders, i sold out at the end of the day yesterday, with a 33% gain .  I've noticed that at the opening bell, there is almost always a sharp sell off, i was wondering if today (i'm back in on a dip) if i should close 90% of my position and then jump back in tomorrow?

I don't want to get pegged as a pattern day trader, because my account is not 25K yet (but hopefully someday!!)

Thank for all the advice everybody, I wouldn't have felt comfortable even getting in if it wasn't for all of you guys

You have to love it. Picked up some 85 Calls near LOD and check out what comes out after market closes. Can you say bullish on Exxon Tuesday!

Picked up some April calls for a more agressive play on oil. Doesn't look like production in Libya is going to resume anytime soon for rds either. XOM looking good. 

http://www.stocksandshares.tv/exxon-mobil-corporation-nysexom-pan-american-deal/3204022

What do you think of this move?

back in march calls, thinking about those aprils, xom goes up, stock market goes down...

was lucky to get out on the first at 100$ before it dropped like a rock

to me...chart shows it seems to have fallen through support, and is now testing resistance.  I think if it can break and hold 85.5 tomorrow it's up up away lol.

nice call on that bounce!!

Don't stocks like BP, chevron and XOM usually get hit during rising oil? because it huts their bottom line??

I have re-established a new position over the past two days. Rising oil and natural gas should benefit xom as long as the crisis in Libya doesn't spread to other places where they have significant operations.  Either way the global oil and gas production from xom is fairly large and with the recent financials,I wouldn't be surprised to see 2011 Q1 net income over 10b; given oil stays above 95. I think the main reason we are seeing a drop is the low American dollar. IMO
 

Quote:

Originally Posted by Salvatore955 

was lucky to get out on the first at 100$ before it dropped like a rock

 

to me...chart shows it seems to have fallen through support, and is now testing resistance.  I think if it can break and hold 85.5 tomorrow it's up up away lol.

nice call on that bounce!!

 

Don't stocks like BP, chevron and XOM usually get hit during rising oil? because it huts their bottom line??

 

I jumped in today.

This is a great long term play. I continue to hold my shares. I'm curious how this new *energy policy* Obama has up his sleeve will affect domestic oil companies. It's definitely a good thing that XOM has a big stake in Natural Gas regardless.

Looks like we are going to make a double top. I think we will be seeing new highs soon.

Bought a Jan 12 Put on this. Sold a front month put against my long put this week that has depreciated in value a little. I am gonna see if this support can hold and will have to close my front month if it does. The BEOB is worrying me a little though. Will probably set a stop on the front month to protect any profit I have made on it.

bought some XOM at close today. 

damn.....in 1.35 out .96....ouch