Evolution - re: OMNI ?
<<Slider, I gather you have studied OMNI. I bought (blindly) a little of it today at 11/16 today>>
Evolution; actually I haven't studied OMNI in quite some time and am not interested in it at all.... I would stick with ONLY PGO & VTS in size and perhaps a toe dip into IO for adding it to a basket of laggards/small caps. I refuse to have any significant exposure in this market environment to risk plays - why bother ? FLC is going to see $30-35+, PGO $25-30+, ESV $40-45+ on any end of sustained Oilpatch rally - I wouldn't bother with any financially troubled companies - not worth the risk here imo.
I think I was pretty clear in my comments on the "contest" here - that I trade; that I could in essence "love/buy" a stock one day & "hate/sell - actually love it more - if its profit taking (VBG) - days later.
My point was pretty simple; if one wants to enter a contest for fun - imho to "win" - either in tech, or the oilpatch one is going to win from picking - quote/unquote; "obscure micro cap stocks" - not that I would own, or trade them as the risk vs. reward ratio in this environment doesn't appeal to me.
You wouldn't be likely to "Win" a tech stock picking contest with MSFT CSCO ,or INTC - but rather with a micro-cap obscure penny stock iNet - .com play. Same in the oilpatch - some of these financially troubled companies will assuredly be a 3-4 baggers and others will die on the vine as deadmoney.
I listed a list of the smallest & most obscure plays... I never made any picks, nor did I enter any contest, nor do I own them, or desire to trade them - but, I guess someone is getting their "joillies" picking & choosing from that list for my entry - whatever... surely OMNI will either be up 200-300%%, or bankrupt in 6-9 mos.
I've been only interested in buying, or adding to "Value" and I'm still pounding the table on the 3 same plays that I have for quite some time - FLC PGO BSNX - the 3 best values with the best risk vs reward upside in drilling, service & exploration-production respectively. - it is no accident that PGO has rallied against the OSX pullback , or that FLC has held up well either - they are/were the single two cheapest stocks in the index; although should ESV creep down to $30 - into FLC holding $22ish - that would even things out; BSNX is stil in the bottom tier on a multiple/valuation basis & they are a NG pureplay in essence and have one of , if not THE best balance sheets in their peer group.
ESV is atop my wish list here along with re-entry opps into SII WFT CAM BJS RIG (maybe DO), VTS, OII, and a basket of late cycle fab's - UFAB GIFI FGH - laggards NR, WG maybe IO, perhaps more KEG on weakness etc. I actually hope we get some some further weakness into the OPEC & Fed meetings, or some profit taking as momenteum players move back into tech - as that's a buying opp... OSX 108-115 will show us some nice buys; sub 108 is a long term gift - unless the overall marekt crash & burns. Still don't see anything getting away from anyone before the June Fed & OPEC meetings - at least then enough info may become apparent to tilt the ratio's back toward the reward side, from the risk side. |
