I hold AET,AVN,AY,BTA,COS,ERF,HAL,HOT,KPC,NAE,NCA,NCF,PIF,PVE,PWI,REI,RSI,RYL,SHN,SMU,UET,VKR,
WTE, 23 in all. I limit my exposure because I had one blow up on me. It was APO, a mini Enron. Most of my tactical moves have turned out to be mistakes. For instance I lightened up on hotels after 9-11, but HOT and RYL have come back nicely. I am impressed by the power of perversity in the market. Who would have thought that insurance companies could be the big winners from 9-11? It seems that after taking one big hit they get to exclude terrorism from their contracts and at the same time raise premiums. |
