Wednesday, January 24, 2007

Back in the Exxon short!

Selling some Exxon Mobil again, with the stock trading around $74.80, I sold £5/tick (that's £5/cent, or ~£38,000 worth).

As I mentioned in one of the posts when I shorted it recently, the market cap to me just seems WAY too high for any company to sustain, as making that much of a profit will naturally bring competitors in.
 
We'll look to try and take 5% out of this.

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