Monday, August 14, 2017

XOM

After cashing out, I am trying to get back in the game at reasonable prices.

Exxon, (XOM) thesis: One of the largest companies in the world. They have been whacked by sustained cheap oil. They have debt and cash flow under control. They fell under their 52 week low today.

8/9/17 50 shares market 80.015 (opening the position to force me to spend a lot more time watching the company)

8/9/17 Limit 200 shares@77.74, I would not be surprised if that hits the week of Aug 14, current: 87.17. Even after the limit hits I would not be surprised to see the stock drop. I am tempted to break this into two orders, one even lower, but if I get too greedy, I may miss the bus, no reason not to sleep on it as is.

8/15/17 Limit hit 200 @ 77.94

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