Trade Alert – Helix Energy Solutions
Two weeks ago, I made a bullish call on Helix (HLX). Little did I know that oil would drop 10 straight points in the days to come. Obviously, all energy stocks are down across the board and this morning, I sold my shares of Helix at 34. I love this company and the potential it offers. Earnings will keep increasing sharply due to their unique offering in deep sea drilling. I think we might be presented with a better buying opportunity in a few weeks. Meanwhile, I recommend trading out of this position – looks like more pain ahead.
– Faisal Laljee
