Originally Posted by CYstyle
Dunno anything about TOT, but 3 months for a 2.3% gain is pretty low considering the risk, you bought at 54 in July, then the stock price imploded dropped sub 42, with a 22% downside risk, wait for a better entry point or look to other stocks.
I don't really like technical trading. I usually check for macoeconomic trends and use a few technicals as red flags to my positions. The oil stocks I've been messing around with have returned around 8% this year which is significantly better than the S&P (Flat).
Longterm, my main reservation with Total is their French background. Sarkozy wont let them dump refining capacity for fear of losing domestic jobs which cuts into their margins. They trade accordingly at a discount to their American (CVX and XOM) counterparts. I haven't spent the requisite time researching the company, but I kind of wonder about how Eni will perform in the future given the uncertainty in Italy coupled with their (larger) stakes in Libyan oil.Edited by norcaltransplant - 11/7/11 at 11:28am