CVX Stop Order

Although I believe that Chevron (CVX) is still on its way down, I have decided to protect my position (up 90%+) and placed a stop order at 1.6 for 25 (see previous post for details). This translates into about a 10% dip or .20 per contract.

Who knows what will happen Monday. If this stock continues on its downward trend then I'll be in great shape and if not, then I will have protected a very nice gain.

I am going to let DUK and MLM ride out the day and perhaps the week but that depends on what Monday brings. If MLM reacts the way the technicals are forcasting, then it should have room to grow.

DUK is a different story. I'm half tempted to sell and just hold onto the PUT option that is in place. I dont think I am ready to make a move since it was essentially flat on Friday. If only I knew what Monday would bring......