Steve,
I let the charts decide how long I will stay in. In the past, of course, I have found out that holding a money making company always pays in the long run. I usually have to buy right back in.
I too only trade in an IRA.
So here is the scuttle-butt that is going around in the oil patch.
Seems that the prince in Saudi isn't feeling too well, and he is a good friend of Reagan and kind of promised to hold prices down for oil. His son, is not such a believer in holding down the prices. So, it may behoove us all to stay with the drillers as time goes on.
Just a rumor, and I know that SFY is mostly natural gas driller, but I thought I'd pass it on.
Also, keeping up with the news, the Iraqi oil is coming to town in a couple of weeks. So, for now, I'd rather have my money in the natural gas drillers. |
