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Strategies & Market Trends : Value Investing

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To: gizwick who wrote (55955)	8/24/2015 10:33:41 PM
From: Paul Senior	Read Replies (2) of 78647

Who gets whipsawed? That might be those who are out mostly and then in then out, etc. at wrong times. That's not me. My risk is drowning. I am buying as stocks fall. All sectors. Given enough pain ($losses with too much cash recommitted and too large a stock market drop), I could be decimated. Am I a typical value investor in this regard? I don't know. Specific sector(s) - oil/gas/oil services: I continue to sell losing positions. Possible I might reenter if oil prices rise and reenter after the stocks rise, just as they are about to fall again. (Whipsaw). I don't envision ever having the oil/gas exposure I've had before though, so I'm not so worried about oil/gas potential whipsaw having a significant effect on my overall portfolio. XOM at $60 seems a real possibility to me -- it's only about 10% from today XOM lowest price. I have given up on a lot of my second tier oil/gas companies and my first tier too (have sold XOM and CVX.

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