Hi Iso! I agree with your analysis wrt to the big energy crunch being pushed further out into the future. I'm of the opinion that the energy sector will continue to grow, but will grow more slowly.
If you'll look at those picks in technology, I PM'd you yesterday, you'll see why my focus has turned to technology for ST plays. And, we didn't have any news to "pump up the volume," so to speak. (I'll PM you later with my strategy, since they performed well today, regarding those picks.)
I think one of the wisest, yet simplest pieces of advice, (I like simple), came from Kollmnh. Identify the trend and get in ahead of it. I'm of the opinion that it's more of a risk to be out of the market, as opposed to being in it. I think it's a matter of identifying the oversold stocks, ones you don't mind holding LT, and establish a position for yourself. I'll continue to play ST as I try to establish some core positions.
I'm waiting for a pullback in energy before getting back in. I'm down to EEE, which will be sold soon, and OEI and TMR which I plan on holding LT. My gamble of selling SMOP and rolling into RRC has paid off. I made more in RRC in one week than I would have made holding SMOP for two months. I sold my RRC to lock those profits in.
I think the big money in the ST is made in techland, taking advantage of those 10-15% moves, one at a time.
As I mentioned to you before, I'm of the opinion that one strategy doesn't work all the time. I'm taking the time to learn how to switch hit, how to dribble and kick the ball with both feet, so to speak. By learning different strategies, I think it enhances our chances to succeed against the dark forces.
dabum |
