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: Halliburton, a stock that I own for my
ActionAlerts PLUS charitable trust portfolio, is very much affected by oil prices. Higher oil prices create bigger demand for Halliburton's oilfield services. However, the oil companies that employ Halliburton's services do not make their investment decisions on short-term price movements in the commodity.
The reason the stock reacts to oil prices on a daily basis is because momentum traders are very active with oil stocks, and they look for any excuse to push stocks like Halliburton up and down.
What do you mean when you say you are long a stock?-- Phil from Arizona
: When I say I am long a stock, it just means that I own it (for my charitable trust).
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