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Book
'em, Dano! Part III: Take 20% on EK and 6% on
XOM
April 24, 2002
Hold
JPM
April 17, 2002
EK
Doing OK
April 10, 2002
Beer
Deal of the Century
April 3, 2002
Book
'em, Dano: Take 22% on ABY and 3% on IP
March 27, 2002
31%
Gains
March 21, 2002
Sasol
Reports
March 13, 2002
Hold
Everything
March 6, 2002
SPP
Surge
February 27, 2002
Profiting
in a Market Slump
February 20, 2002
83%
on USOO
February 13, 2002
SPP
on the Rise
February 6, 2002
TMCS
Earnings
January 30, 2002
Hold
all Positions
January 23, 2002
USOO
Continues its Streak
January 9, 2002
Chip
Sales Rise
January 2, 2002
Retail
Sales Disappoint
December 26, 2001
Bluefly
up 20%
December 19, 2001
Priceline
up 40%
December 12, 2001
Bluefly
up 20%
December 5, 2001
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Book
'em, Dano! Part III: Take 20% on EK and 6% on XOM
By
Ian Cooper
It’s
time to take more profits off the table from our "Dogs
of the Dow." If you bought into Exxon Mobil
(XOM:NYSE) at US$38.71, take 20% profits today.
We’d rather be safe than sorry after the company
reported a 60% downturn in Q1 profits owing to weak
pricing and margins. If you take a look at the CBOE
Oil Index, it’s beginning to shed some weight.
XOM is also beginning to fall below both its 13-day
and 50-day moving averages.
And, if
you bought into Eastman Kodak (EK:NYSE) at US$28.71,
sell it at US$40.92 for a 6% gain. It’s slowly
selling off prior to tomorrow morning’s earnings
announcement–a bearish sign. Not too shabby for
two months.
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MMM
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