Slider, I really don't want to belabor this discussion.
My point was fairly simple - you could have picked just about anybody else other than GLBL and done better, particularly if your picks were drilling contractors.
See this chart:
siliconinvestor.com
You can play around with the number of weeks and nothing really changes about the conclusions. GLBL has been decent as a trading stock, not so good for a hold which is more my style.
My point would be even more clear if I spiked the results with bigger winners, like PDS, NE and ESV.
Going forward if you believe there will be a huge demand to lay pipelines to deep water, you had better consider the even greater need to drill the wells. I know of a number of operators that are in a serious bind right now for getting rigs to drill their finds.
But alas, the past is past. As for your question where was I when the big money was made? I was all over FLC, and to a lesser extent RDC, GLM, PDE, NOI. The lowest FLC I ever got was in the high 7's. Unfortunately I missed out on ESV and NE, and have only gotten into PDS recently. I made the big money, took a haircut last week, and right now I'm trying to decide if I let the chips ride or take some off the table.
Sharp |
