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Closed Bullish Plays Thursday, December 2nd, 2004

Knightsbridge Tankers - VLCCF - cls: 34.22 chg: -1.94 stop: 34.85

VLCCF is another victim of the oil-related sell-off. The stock was looking pretty strong before crude oil imploded in the last two sessions. Volume on VLCCF has been very high suggesting investors are rotating out to protect their profits over the last few months. We've been stopped out at $34.85.

Play Breakdown

Picked on
November 22 at $37.60

Results since picked:
+ 0.51

Earnings Date
00/00/00 (unconfirmed)

Average Daily Volume:
307 thousand

 

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