iso, mostly correct - note I said I lost in it earlier. I have no need to advertize how much. But, let me say I'm not as seasoned as some here (only 4 yrs), including you, and it taught me a lesson. This was some time ago.
I will not for example now ever go 20% on one stock as Frank stated he recently did. Just won't do it anymore. I may temporarily go overweight a stock, but that would still be less than 20%. I'm not criticizing Frank either. Just that I have more to lose now and it ain't worth it, for me.
Fwiw it doesn't amaze me that people are attracted to this stock. What amazes me is how many kind of seem to think they are buying an equivalent US company, and not an ADR. Doubt if that is so true with the other SI boys, but I know it was the case over on Yahoo!, where I frequented for a while. If I had paid some attention to the local (Oslo bourse) news in the beginning, and I certainly could have, I might not have been taken to the cleaners as bad as I was.
After PGO I'm no big fan of foreign stocks - mutual funds would be better in my opinion. Foreign to me would be outside the US and Canada. Everytime a dump in PGO occurred, I more or less concluded later, that there was smoke in Norway, beforehand.
Speaking of foreign holdings,some here have been looking at Japanese funds of recent - think it is a good idea. Been doing a little looking myself.
Thanks for the post. |
