Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.

NYSE:EC - Post by User

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Post by djgton Dec 23, 2010 4:18pm

245 Views

Post# 17890271

Trading....uurrggghhhh!!!

Damn, I knew I should have sold my recent position at 0.23-0.24 and buy back in under 0.20.....I just don't trade well, hence why I buy and hold.
I notice that every time EC hits 70% on the RSI it immediately pulls back strong over the next two or three sessions.
Perhaps some of you traders can help me....am I missing something or should I be looking at additional data or is it just a matter of having the confidence to execute it and confidence that the market will behave as predicted?

Thanks in advance,
djgt
aka Chris Weber

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