Move Your Money

Bought 180 Shares Of Exxon on 22 Dec 09

On December 22, 2009 I initiated a small strade in Exxon, 180 shares @ $68.64 per share.

(click on image below to see the chart with trendlines and notes)

As the S&P 500 set a new 52 week high just yesterday, I'm holding my breath on this one. I've set a stop/loss of $67.52 which I will raise at the end of today if we have an UP day with a higher low for Exxon.

Exxon recently bought out XTO for it's gas properties. Exxon got hammered on that announcement. Still, it's one of the bluest of blue chips, pays an excellent dividend, is very profitable, and it hit some parameters on my chart above which gave me the confidence to buy 180 shares.

Wish me luck. I'm shooting for a a quick run up to $72-$73 where I'll sell the 180 shares if I can find something better to buy.

Oh, and just found out this AM that Warren Buffet has been buying a boatload of Exxon at higher prices than where I've just entered. Nice to have the sage on my side.

Caveat emptor,

Rock in the Florida Keys