A Couple of Quick Energy Plays
I know what readers want from me, normally: a few very fast trade ideas in the energy space. I've got two for you today: Western Refining (WNR) and Baker Hughes (BHI).
Western is a trade I executed yesterday and immediately reacted, but I don't think it's anywhere near to being done. I shorted the stock (actually bought puts) as the stock hovered above $26 and have been rewarded already with a move to close to $24. With the higher open expected this morning, I think you can still get a reasonable short-term short position going here, looking for another dollar on the down side. ...423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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