Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: chowder who wrote (43246)	5/1/2005 8:56:36 AM
From: quehubo	Read Replies (1) of 206342

One difference is that I wont put anything but pure speculative money into a company and sector/subsector I am not very comfortable with. The second is that I dont have the routine ability to focus on the screen much at all during trading hours. Another difference is that I dont fear 10-15% gyrations in stocks as long as I am comfortable with the primary direction of the stock/sector. To be honest I am astonished that you and several others who have frequented these boards over the last 5 years have not focused on the fundamentals of the sector. A cursory review of the charts and fundamentals would have told you that blindly buying OIH ~$55 in 2003 would net you 40-50% gains sooner or later. A disciplined trader could have put 20% into OIH and walked away at OIH 90, no doubt about it. Looking at Q1 NA NG production and the oil side of the business tells me that regardless of the short term pain I may endure, 1-2 years from now this pain will be long relieved and compensated for.

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