Small Time Trading

[benchman]

Another rough day, with the DOW down 500, and oil down 3%. All of the oil stocks I follow made new 52-week lows today. That includes SAEX, which I sold, but hit $2.68 today for a new 52-week low. Here is a run down of the drillers I follow today:

ESV: -8.13%
NE: -6.12%
DO: -5.32%
RIG: -6.56%

As you can see ESV performed the worst again. All 4 of those made new 52-week lows today.

ESV closed at $4.07, down .36. The 52-week low and LOD was $4.06.

Hopefully, these 52-week lows on the oil stocks mean we are getting close to a bottom.

That's it, have a good weekend everyone.