Tuesday, October 14, 2008

Trade

I was going to take a loss today on TSO since it's bounced up 40% off last week's lows. But then I read the third quarter earnings guidance: $1.70-1.90 per share. Not bad for something trading at $10.

I was thinking about getting out of PWE, but I want $20 for it. In the meantime, I get paid to wait.

But I did find something to trade: COF. It's back up to the mid 40's and it announces earnings on Thursday. They expect $1.11; COF lost $0.21 a year ago. I think that will be tough to meet.

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