The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (5580)	1/20/2004 2:57:57 PM
From: russwinter	Read Replies (3) of 110194

The consensus on energy is now where I was six-twelve months ago. It's a "tell me something I don't already know" situation. Every monkey in the market now knows the energy story. Most of the E&P I've owned are up an average 50% since then (a few like CHK, even more). The OSX stuff moved late, but are up maybe 30% in short order. Despite $35/$7, business at the drillers is only so-so: profitability is strained. If they can't do better in a perfect environment, what happens later. I also believe we are in the midst of my train wreck scenario, that I have described at length here. The stock market will be slaughtered and butchered, and everything will go down including energy plays. I really want to be clear of ALL long positions now. I have a few more energy stocks that go long term in Feb, and March and I've written calls against them, and will just hope they don't go down more than my tax savings for waiting.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next