Commander,
I don't know if the tone (I don't really care much about tone, actually) has changed that much, but the thread's usefulness to me has improved, and the quality of information has gone way up. Instead of a one-way group think/group hug going on you actually have a debate about the short term and intermediate term direction of this area.
For those who bought a stock like BRY in December and did not pay attention to the warning signs and did not use protective stops, they've now given back 100% of their profits, perhaps more. (Of course to do this in the name of "sound tax planning" is asinine, and I mean that in the politest way possible.) What could be more valuable information than information that protects your capital? Mindless cheerleading? It's astounding that people could think this way, at least people with brokerage accounts.
I predicted a while back that the same thing would happen here at the top as happened back in 1999 at the bottom. Many would be shaken, and then shaken out, and they would depart quietly.
Whatever those other "valuable" boards are, I hope they are smart enough to look at a chart, count the peaks and valleys, and admit it when there is a downtrend. And buy puts, not just protective puts, but aggressive, potentially profitable puts.
ECA APA THX NXY EEQ YPF BRY PPP SGY UPL DVN SNP EAC. This is just a short list of the higher priced downtrenders, most optionable. And this is just from independent oil and gas sector.
I think this is a great sector to be in now, here at what looks like it could be a very profitable turning point.
Kb |
