SELL HIGH
REDUCE CUX @12.15
I pared some CUX@12.15 today, even though it just took out it all-time high. I have had problems to take profit and I always find it difficult to sell on the way up. There is nothing wrong with the company, momentum is strong, technical is beautiful and I truly believe it will continue to go up. However, I am looking at a 63% gain since late September. Moreover, I believe that the down trend of the crude is not broken by this little reversal and there is till a chance that crude will continue to slid towards US$35 / bbl. Notwithstanding the strong fundamentals, it will fall if crude decline to US$35. Finally, it's never wrong to take some off the table and I am determined to sell on the way up.
I pared some CUX@12.15 today, even though it just took out it all-time high. I have had problems to take profit and I always find it difficult to sell on the way up. There is nothing wrong with the company, momentum is strong, technical is beautiful and I truly believe it will continue to go up. However, I am looking at a 63% gain since late September. Moreover, I believe that the down trend of the crude is not broken by this little reversal and there is till a chance that crude will continue to slid towards US$35 / bbl. Notwithstanding the strong fundamentals, it will fall if crude decline to US$35. Finally, it's never wrong to take some off the table and I am determined to sell on the way up.
posted by ZIGZAG at 12/16/2004 03:36:00 PM
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