If it were snowing in Houston, it would really help Anadarko, which was down over a point today on big tax selling before the American Petroleum Institute's oil numbers were released after 5 p.m. Big, big, drawdown in U.S. crude oil inventories. This pushed up oil in after-hours trading. I hope it will help APC, but not sure. There are a few calendar days left in the quarter, and it seems like they want to get this stock out of their portfolio. Hard to believe that there are sellers at these levels.
Some people just have to have that tax loss.
The tax selling abated in J.C. Penney today, and I think we may make money on this one shortly. The dividend has started to lift the stock. Joe Kernen on CNBC even mentioned it. I sold some. It was up over two points.