MUR - finally coming back
Murphy Oil Co. is finally crawling back up from its depths. I’m up about $300 from my initial purchase price of $8000, so a little less than .5%. Not quite the gain I like to see from my options trading, but it’s a substantial position and quite strong at this point I believe.
My plan is to place a trailing stop on this to protect my profits. If I’m lucky, it will continue to rise (with the price of gas !) and I’ll simply build my account. But at worst, I’ll have my options trading account back and can get back to the business that I started out intending to practice.
Suzanne @ February 29, 2008