Thursday, August 16, 2007

Storm Update

I have done extensive research on tropical storm Dean, and most of the models have it running straight into Mexico. However, these storm can turn on a dime and can be very unpredictable. In short, I should have waited before putting some money to work in a hurricane play.

That being said, I may close out my positions in NOV & BDCO. If the market action was better, I might keep these trades on, but it's not worth the risk.

Check out this model, requires JAVA

Note: Should Dean travel directly through the Gulf, I will be going all in, buying back my hurricane plays.

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