Issued: 07/23/2015
Occidental Petroleum:
1. Our June 29 Williams edge stock meeting indicated that any daily close below $77.00 in Occidental Petroleum should be sold short for an important decline.
2. On July 1 Occidental Petroleum closed at $75.92 (below $77) indicating new short entry.
3. Subsequently, Occidental Petroleum declined to a recent low of $69.84. Partial short position exits were taken at/near that price.
4. Exit any final short position at current prices (current price, $69.69). This completes the trade. Will message any further entry or indication in Occidental Petroleum.
David Williams
Issued: 07/21/2015
Occidental Petroleum:
1. Our June 29 Williams edge stock meeting indicated that any daily close below $77 in Occidental Petroleum should be sold short for an important decline.
2. On July 1 Occidental Petroleum closed at $75.92 (below $77) indicating new short entry.
3. Subsequently Occidental Petroleum has declined to a recent low of $69.84. Partial short position exit should be taken at current prices (if not already taken). Will update as the market continues to confirm.
David Williams