Small Time Trading

[benchman]

Merry Christmas! What a nice day. Finally. The DOW closed up a record 1,086 points, and oil jumped 8.6%.

Of course I was not here to report on Monday's action, which was terrible. I added yet another $1,000 to my account that day, since anything below $3.60 meant I stayed in a margin call, and ESV closed at $3.27 that day (another new 52-week low). Despite that $1,000 add, I was still $50 in a margin call on Christmas day.

This morning seemed like it would be the same old same old. ESV, NE, and RIG all made new 52-week lows. ESV's new 52-week low is now $3.19. But then the market and oil rallied big.

ESV closed up .47 to $3.74! Really nice rebound. Would love to see it go over $4 tomorrow. Below are the percentage increases on the oil stocks I follow for today:

ESV: +14.37%
NE: +13.92%
RIG: +10.09%
DO: +6.14%