OXY stock near its 52-week high of $67.45: why I stopped adding to winners out of FOMO. Occidental Petroleum hit a high near $67.45 in 2026 after rallying roughly 48% from a December 2025 low near $41. The move was real, backed by the $9.7 billion OxyChem sale, Buffett accumulating to 23.6% ownership, and four consecutive earnings beats.
But adding to a position near its 52-week high because it has been going up is the definition of FOMO trading. The behavioral pull is strong: if I do not add now, I will miss more upside. The reality is different. Near the high, the risk-reward ratio shifts because the downside from an oil-price correction is larger than the remaining gap to the top of the analyst target range ($82).
I learned this lesson trading leveraged positions. When a trade moves in my favor, the temptation to increase size is strongest exactly when the marginal risk-reward is weakest. So I hold my current OXY stock allocation and wait for either a pullback or new fundamental information from the November 9 earnings. This is just my approach, and results are never guaranteed.
#OXY #FOMO #OilStocks #OccidentalPetroleum #RiskManagement
But adding to a position near its 52-week high because it has been going up is the definition of FOMO trading. The behavioral pull is strong: if I do not add now, I will miss more upside. The reality is different. Near the high, the risk-reward ratio shifts because the downside from an oil-price correction is larger than the remaining gap to the top of the analyst target range ($82).
I learned this lesson trading leveraged positions. When a trade moves in my favor, the temptation to increase size is strongest exactly when the marginal risk-reward is weakest. So I hold my current OXY stock allocation and wait for either a pullback or new fundamental information from the November 9 earnings. This is just my approach, and results are never guaranteed.
#OXY #FOMO #OilStocks #OccidentalPetroleum #RiskManagement