03/01/2015 – Occidental Petroleum
Occidental Petroleum, OXY:
1. Since Tues., Feb. 24 our Williams edge stock meeting noted that Occidental Petroleum (then trading approx. $79.50/$80) could be shorted for further decline and test/attempt at $77.30, then $76.60, or lower into early March.
2. Today (Mon., Mar. 2) Occidental Petroleum continued on the decline and completed the $76.60 downside target (today’s session low, $76.65, so far). This completes the trade. Will message any further entry or indication in Occidental Petroleum.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.