Monday 10 February 2014

Exxon Mobil (XOM) ... eye catching

Monday 10th February 2014

Exxon Mobil's (XOM, mkt cap $392bn) chart and recent price movement relative to BP (BP/, mkt cap £89bn) has drawn my attention. 

XOM - share price - oversold and testing channel
Source: Bloomberg
XOM share price relative to BP/ in USD
Source: Bloomberg
So I've bought a boat load of XOM April $100 calls at around 21 cents. 

And another thing ...
I note that Warren Buffet's, Berkshire Hathaway, disclosed a $3.45 billion stake in XOM during November last at what was close to current levels. He's pretty good. 

Disclaimer: The information, discussions or topics referred to on this blog should in no way be considered “advice” to buy or sell anything. The information which may be referred to is freely available in the public domain and where required the source of information is referenced to for verification. While every effort has been made to ensure the veracity of any information contained within this blog, the author accepts no responsibility for the accuracy of any information contained within this blog or for the sources of information which may be referred to. Readers are responsible for their own actions and interpretation of the information contained within this blog.

No comments:

Post a Comment