Bookkeeping: Cutting Some Goodrich Petroleum (GDP)

With natural gas stock Goodrich Petroleum (GDP) up 16% I am going to let some go here at $51 for a loss. So oil is up $3 and these stocks now rule; whereas yesterday’s favorites the airlines are demolished. More day to day lunacy.I am cutting it back from 1.6% of fund to 0.8%.Normally I’d say something about fundamentals or technicals but none of it matters anymore. If crude goes up this stock goes up. If not, it goes down. It’s as simple as that. So if someone could flip a coin and tell me what oil will do tomorrow I’ll have a good idea if this will be a bad sell or a good one. Since my crystal ball is broken - I’m cutting some exposure back….
Original Source:

  30 July, 2008| Fundamental Analysis | @ 11:50

• VIDEOS
• Economía Blogosfera
• Bitácora
• Economía G . Medios
• Blog de Economía
• Blog Vivienda
• Mercado Divisas
• Agregador Marketing
• El Intercambiador
• Energía, M. Ambiente
• Blog Análisis Técnico
• Canal solidario
• Agregador A.Técnico
• Agregador Motor

• Economy Blogs
• Hedge Funds
• Fundamental Analysis
• Housing Blogs
• Technical Analysis
• Energy Blogs
• Derivatives: Futures
• Marketing Blogs
• Economy Mass Media
• VIDEOS

Categories:

• Fundamental Analysis

Recent Comments

• Areplayboorry: Could Board-Room Connections Between Microsoft and Apple Help iPhone Sales?...
• Areplayboorry: Could Board-Room Connections Between Microsoft and Apple Help iPhone Sales?...
• admin: Protectionism = Ignorance...

Calendar:

Archives:

• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008

Meta:

• Log in
• Comments RSS
• Valid XHTML
• Utilities
• XFN
• WP
• RSS