Registered: Mar 2012
Posts: 251

Hess is one of the best trading stocks out there. I believe we nailed the pivot yesterday. I am putting my seal of approval on this one.

Registered: Mar 2010
Posts: 75

I dont see HES as a buy yet, but as far as pivot high I get. Last pivot high 4-20-12 pivot price 56.25 avg range 2.2% or $1.27. suggested buy points are 53.10 and 51.20 which current price is in between. But still would not be comfortable buying yet.If your looking for a trade today look at MCP long at 28.70 in which it did hit today and stop loss at 27.60 in which it came within 5 cents so you could enter now at market and hit a target of 5% from the entry price. Currently at 27.80 TARGET IS $30.13 nice chunk of change.

Registered: Mar 2012
Posts: 251

Why wouldnt you be comfortable? You were comfortable buying some odd high flying stock at the end of May while there were other stocks catching a bottom.

Its a simple formula. HES has two divisions. E&P and refining. So what does refining rely on? The crack spread.

http://stockcharts.com/h-sc/ui?s=$WTIC:$GASO&p=D&b=1&g=0&id=p02888009805

Right now the institutions are selling you Apple and Amazon. Then they are taking that money and going into stocks like HES.

The professionals will buy at the bottom and then sell to amateurs at the top. The money doesnt evaporate but shift into other things.

Registered: Mar 2010
Posts: 75

The stock is oversold on a pivot high basis but if I scan it and it doesnt show a buy signal I dont buy.I wont know where my entry and exit points are. I need to know where to buy and where to get out, thats all. And that stock doesnt show that yet.You have to have guide lines and you have to follow them no matter what. I have a couple that im paper trading now. RCL entered 27.00 up 4.0% IVZ entered 24.25 up 2.8% NYX entered 26.90 up 1.2% .All of these bought thurs 4-26 These stocks I scanned and gave me enter and exit prices and they are winners so far looking for 5% targets.All im saying is you have to have some type of rules for yourself to follow.

Registered: Mar 2012
Posts: 251

You are saying I have absolutely no rules that I follow? So in your expert opinion HES is too expensive to buy right here? I say if you fail to buy right here then you miss the move and your scanning system wont pick it up until the price has appreciated by 30%.

Registered: Mar 2010
Posts: 75

I did not say you dont have rules and I did not say im an expert. You missed the point. I would not buy it because when I scanned it there was no signal to buy. I would not buy any stock or etf if I did not have a confirmed buy signal. It probably will bounce and then generate a signal. But until it does I would not consider it, thats all.

Advantage Futures

Futures Brokerage & Clearing

AMP Global Clearing

Futures and FX Trading

Bright Trading

Professional Equities Trading

CTS

Futures Trading Software

DaytradingBias.com

Professional Trading Analytics

ECHOtrade

Professional Trading Firm

eSignal

Trading Software Provider

FXCM

Forex Trading Services

Global Futures

Futures, Options & FX Trading

Interactive Brokers

Pro Gateway to World Markets

JC Trading Group

Direct Access Trading

MB Trading

Direct Access Trading

MultiCharts

Trading Software Provider

NinjaTrader

Trading Software Provider

OANDA

Currency Trading

optionshouse

Option Trading & Education

Rithmic

Futures Trade Execution Platform

SpeedTrader

Direct Access Trading

SpreadProfessor

Spread Trading Instruction

thinkorswim by TD Ameritrade

Direct Access Trading

TradersStudio

System Building & Backtesting

Trading Technologies

Trading Software Provider

Trend Following

Trading Systems Provider