Hi Johnny Q! The Invisible Crisis, is it real?
I think you and Slider both make very good points for your current positions. Unfortunately, for me, I'm not a wealthy man, so I have to do the best I can with what I have. In this case it means I must hold my current positions. (SFS, OEI, PXD, GLBL, HOFF and KEG.)
My reasoning for holding is obviously the NG play. If all of the news stories Tomas has posted are true, if His Dogginess (Big Dog), says there is an invisible crisis, if NG inventories are low for this time of year and NG prices high for this time of year, then perhaps there truly is an Invisible Crisis called Natural Gas.
Like you, I'm holding! Like you, it is boring watching a teeny here and an eighth there. So, I'm off to the garden to do more weeding and planting. Come September, I hope I've made the right moves.
Slider, your constant pounding about margin helped me save some dough. I took a few small losses which would have been much larger if I remained stubborn and refused to use a little common sense. The remaining margin will be used only when the Naz and Dow are clearly in an upswing mode. If I had additional capital, I'd join you in Techland. My goal is to rotate to telecom/cable/tech with the proceeds I earn when my current holdings hit my objectives and I cash them in. Meanwhile, (yawn) I'll have to remain a little nervous and tend to the yard.
dabum |
