07/23/2015 – Occidental Petroleum
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
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.