Professor’s Comments 2nd update 7/18/19

Posted by OMS  at July 18th, 2019

With Crude Oil falling, and shares on SCO rising, the Model is taking profits on half of its position and letting the rest ride with a stop. Being short Crude Oil is not something I want to be doing for the longer term, as I fully expect Crude to be trading higher once the triangle is complete. So for now, the Model will be taking profits on SCO at 18.66 and letting the rest ride with a stop at 18.44.

Selling 375 shares of SCO at 18.66.

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