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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: hdrjr who wrote (82934)12/28/2000 3:43:34 PM
From: Telemarker  Read Replies (1) of 95453
 
On the other hand, I've made over 500 trades this year and am ahead 107%. This is largely due to my trading the portfolio in 1% increments and maintaining close to 100 positions at any one time, but it sure does run up a high commission bill. Always having more lines in the water and being able to continually focus on new ideas keeps me from looking back much. I'm too thrilled with that result to second-guess anything that was done. Approaching 250% return on my energy investments for the year - darn that diversity thing <g>. Delighted to see other energy investors doing well.

Excardog, I've read that the first and last 10% are very expensive to catch. While I've certainly left lots more than that on the table on numerous occasions, I'm happy to take a healthy bite and move on. Rotating profits back into what are perceived to be more undervalued situations while more or less maintaining sector weightings has really worked well for me. Just letting relative valuations tell me when to buy or sell.

Sure wish I had a better idea of how to make money on the short side, though. Also don't have any feel for the OS stocks. My few forays there have been bad indeed, witness selling MVK in the 13's recently after the CFO resigned.

Here's high hopes that everyone has a great New Years.
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