The markets were up again today -- especially energy stocks. I wasn't able to watch the markets at all today, so in the morning I just put in a sell order for DIG at 36.00, hoping it would get hit, but it didn't quite make it. It was up to the low 35's, up over 15%, near the end of the day, and then everything dropped in the final few minutes, with the DOW and S&P actually ending up in the red.
Tomorrow, Exxon Mobile (XOM) has it's 3rd quarter earnings release. XOM makes up about 30% of DIG, so it could really have an effect on it (and all energy stocks)... which is why I wasn't sure if I still wanted to be holding lots of DIG at this point. The earnings are going to look stellar because oil was between $100 and $150 during that time period; however, everyone is expecting this and thus the price has been pushed up in advance. After the last 2 days of great gains, it could easily be sold off tomorrow. I'll just have to wait and see what happens.
Showing posts with label XOM. Show all posts
Showing posts with label XOM. Show all posts
Subscribe to:
Posts (Atom)