Wednesday, February 20, 2013

Added to Nexen

I’m very cautious with this market right now and will only opt for trades with minimal risk. I added to my Nexen (Ticker: NXY) position today at $27.41 with the goal of generating a net gain of 0.307% within 10 days. This will equate to an annualized return of ~ 11% assuming I receive the cash in my account by March 1st. Cnooc (Ticker: CEO) has stated that it plans to close the transaction with Nexen next week.


Post a Comment

<< Home