Wednesday, November 29, 2006

Selling some Exxon Mobil, market cap just too high:

Currently trading ~$76.00, market cap about $443bn, this will not be sustainable over the long term. Any company that makes this much money will eventually have it competed away. Plus I think Oil has seen its best days, and a US slowdown should take the price lower from here.
 
Sold it in £5/tick, so a short of about £38,000 notional.

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