Grommit. I have considered your post and my reply to it many times.
I still say, an abrupt move within a portfolio like that is very, very risky. However, I'm not so sure that what I have been doing is less risky - maybe it's even more risky. That is, instead of making large purchases at one time (your May buys for instance), I have been gradually averaging up on my positions in these stocks, and now they too for me account for a substantial part of my portfolios - not 60% though! The risk as I see it, is that if there is a sell off in these stocks (oil/gas sands, integrateds, e&ps, etc), then - whereas you have a substantial profit cushion built up since May purchases) - my purchases are spread over time. So any gains for me can quickly become losses as the latter purchases at higher prices move easily and quickly into the loss column, offsetting gains from the earlier buys.
Anyway, I continue adding. Fwiw, here are SMALL buys I've made today in the oil/gas arena:
finance.yahoo.com
And there were these sells:
DTV. Trim and re-allocate funds to oil sector. Losing patience with company/stock - boredom. My problem.
FRO. Trimming a little of relatively large (for me) position. Oil tanker sector stocks doing poorly. Other oil related businesses are seeing stocks rise. Re-allocate funds.
DCRKF. Closed position on buyout offer.
finance.yahoo.com |
