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