RE: In at 8.00
I'm in at $8 with no stop until I get Northbound. I will keep buying down because I think we are at lower end of range here. I expect $30 - $45 over the next few months.
The good thing is if the Middle East doesn't settle down, HOU is on the right side of the trade. I'm not a war monger. Don't really like what is happening in the Gaza strip but I don't live there so can't comment on right or wrong. But if Hesbollah (sp?) gets into it as they tried to a few days ago, and Israel gets into a 2 front confrontation, I can see short term escalation which will punch POO considerably higher. HOU could head for $11 - $12 ( what do I know - I'm merely supposing what it could head to - but a lot higher than $8 )
Wish I had the guts to have stayed in HOD... but there ya' go... I didn't...
I'm day trading these things because I lost money buying and holding. Now I'm making money again.