I have been a fan of SXY for sometime but sold all my holdings last week due to being overexposed to gas/oil producers. Looking to buy back in but the selling has been relentless, it's good to hold but this is getting stupid. Into the 40's tomorrow no doubt.
So much potential and increasing production but holders need to be cautious. Even BPT is getting hammered. We could start to see some serious stop losses get triggered soon.
It's hard not to love this stock but...............
I have been a fan of SXY for sometime but sold all my holdings...
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